Topic: Blockchain tech is faulty and will collapse! (Read 78 times)
I learned about Blockchain technology, and I think it will be hard to break. The projects in this section are primarily used by programmers in building distributed application platforms. For users to interact directly with blockchain through the application interface, the design must be geared towards solving the system's scalability. As a result, the projects in this section mainly focus on addressing the problem of expansion and interoperability. The results of these activities are an important part of Web development. The projects in this group are highly applicable, having a great impact on the development and existence of the ecosystem. Therefore, these projects will grow strongly in 2018. The projects under this category are not contradictory but complement each other to form a complete ecosystem. As ETH developed smart contracts, Truebit speed up calculations, ZeppenlOs increased security, Matterum secured the dispute. In addition, blockchain technology and the currency coding market may exist as separate entities. They are related but not completely dependent on each other. Even if the virtual currency is dead, Blockchain technology can not be pulled.
From the technical stand point of view, blockchain in my opinion is the end product of brilliant minds that cannot be questioned. The architecture itself is complex enough to harden network transactions. It just a matter of evolution and adoption to make the peer to peer system works for the betterment of the civilization.
I tried to read the article with an open mind rather than with a biased one. The author does make some points which mostly revolved around putting trust in a software (blockchain in this case) is unreliable. But I think he is dwelling too much on the negative, blockchain tech is still fairly new and will definitely have it's shortcomings just like all techs made by humans, over time it will evolveinto a more efficient technology after updates and modifications are made to correct inadequacies.
The article is interesting, but to my point of view it is like writing:
Internet is e-mails, and there already exists a perfectly working mailing system. And, if you want to send a physical good, you cannot do it. So, the old mail system will live forever and internet will die.
Of course, the truth is that both, e-mails AND old post system still exists, because they address different needs. AND, internet has evolved in offering a set of services which where unimagined at his creation.
And this ways of use are still waiting to come, we just need time and adoption.
But Stinchcombe is right, the blockchain will not improve the things that perfectly works with a centralized approach. Indeed, it will create a huge amunt of new markets and services which are, now, in anyone's mind.
Internet is e-mails, and there already exists a perfectly working mailing system. And, if you want to send a physical good, you cannot do it. So, the old mail system will live forever and internet will die.
Of course, the truth is that both, e-mails AND old post system still exists, because they address different needs. AND, internet has evolved in offering a set of services which where unimagined at his creation.
And this ways of use are still waiting to come, we just need time and adoption.
But Stinchcombe is right, the blockchain will not improve the things that perfectly works with a centralized approach. Indeed, it will create a huge amunt of new markets and services which are, now, in anyone's mind.
Unless you're getting money from sharing this, i don't even mind reading it 
However i think someone would totally change their mind when they gain something from bitcoin especially if its about money and funding. Rather than closing your mind for these kind of thing, you should consider looking forward for future development of the world and in this case bitcoin is something that can be directed for the future.
However i think someone would totally change their mind when they gain something from bitcoin especially if its about money and funding. Rather than closing your mind for these kind of thing, you should consider looking forward for future development of the world and in this case bitcoin is something that can be directed for the future. 
Oh I pity you. So far nothing has happened, it gave rise to so many millionaires and billionaires, I don't think we have a problem with bitcoin or blockchain. The problem is people. It has always been people and always will be people. Otherwise there wouldn't have been a need for bitcoin to ever be created in the first place. So worry about you scumbags, don't be stupid and remember that money is not everything
A good read for all you people.
https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec
For all i care you keep investing your money into this scam. It simply doesn't work in the real world!
You WILL LOSE YOUR MONEY!
https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec
For all i care you keep investing your money into this scam. It simply doesn't work in the real world!
You WILL LOSE YOUR MONEY!
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