Topic: Problems That Exist In Blockchain And How They Are Being Solved (Read 199 times)
to be honest, I do not mean any problems or disadvantages in the use of blockchain technology, I think that the technology has a lot of advantages !
November 25, 2018, 05:09:10 PM
Honestly, one main problem about blockchain today is the high consumption rate of most crypto mining plants. The solutions can easily be found in some ICO projects such as 4NEW project that is planning to provide cleaner energy for mining.
That's like shagging to save virginity and you don't save the world by doing more mining or planting a seed for a tree and claiming that i will become a forest
which is how the green industry works in reality today.
We in the good old days could write software without wasting CPU power or playing CPU wars but that didn't sell enough chips for Intel and big oil
didn't profit so well and you wonder why people see Bitcoin as being the hidden face of the NWO
Let me spell this out for the world
"YOU DON'T NEED MINING TO HAVE DIGITAL COINS"
Many new coins exist, much better from a technical standpoint than Bitcoin and they don't need mining so don't be taken in by
the propaganda and become a parrot by just repeating what your told without understand the subject.
November 25, 2018, 03:59:53 PM
Honestly, one main problem about blockchain today is the high consumption rate of most crypto mining plants. The solutions can easily be found in some ICO projects such as 4NEW project that is planning to provide cleaner energy for mining.
October 25, 2018, 02:07:41 AM
Problems of the blockchain:
1.Limited amount of transactions per second,that can be performed by the blockchain.(Is this a problem?)
2.Energy consumption.(Can be solved very easily.)
3.Sidechains(no comment)
1.Limited amount of transactions per second,that can be performed by the blockchain.(Is this a problem?)
2.Energy consumption.(Can be solved very easily.)
3.Sidechains(no comment)
October 25, 2018, 01:28:35 AM
A better title would be problems of bitcoin and how to tackle it.
I would not term volatility as a problem, that was the driving force that drove most into cryptocurrency, and it's an edge it has over fiat currency trading, forex. And collaterizing a coin in another currency, to keep the value stable is not the solution. Everyday use of bitcoin as a medium of payment is.
Many solutions to scalability has been proffered and none has yet to be implemented on a large scale. With growing adoption a decision would have to be made.
I would not term volatility as a problem, that was the driving force that drove most into cryptocurrency, and it's an edge it has over fiat currency trading, forex. And collaterizing a coin in another currency, to keep the value stable is not the solution. Everyday use of bitcoin as a medium of payment is.
Many solutions to scalability has been proffered and none has yet to be implemented on a large scale. With growing adoption a decision would have to be made.
October 24, 2018, 11:33:30 PM
you call these things problems that exist in "blockchain" but they have nothing to do with the blockchain!
for instance the first one "liquidity" is talking about trading these tokens not the blockchain itself! and the reason why you find it a problem is because you are missing the point about all these ICO tokens being useless shitcoins that nobody wants. people gambled and some won and majority lost. end of the tokens' life!
the scalability has little to do with PoW. it is the design of the blockchain that is mostly dictating how scalable one coin is. even if you switch to another algorithm you will still suffer the same problems in addition to the issues introduced by that different algorithm.
volatility is the same as liquidity above and is irrelevant.
stable coins are centralized tokens. they are not solving anything apart from making the company richer.
for instance the first one "liquidity" is talking about trading these tokens not the blockchain itself! and the reason why you find it a problem is because you are missing the point about all these ICO tokens being useless shitcoins that nobody wants. people gambled and some won and majority lost. end of the tokens' life!
the scalability has little to do with PoW. it is the design of the blockchain that is mostly dictating how scalable one coin is. even if you switch to another algorithm you will still suffer the same problems in addition to the issues introduced by that different algorithm.
volatility is the same as liquidity above and is irrelevant.
stable coins are centralized tokens. they are not solving anything apart from making the company richer.
October 24, 2018, 10:13:55 PM
In my opinion, there are some problems in the blockchain technology that needs to be solved, but the main concern with Bitcoin now is the energy being used to mine it. I am part of the people who research alternative possibilities sources of energy.
Some have already implemented different ways like PoW or Staking that makes it less energy-hungry from solving different blocks. I'm not an expert on it but that's what I learned during my stay here in Bitcointalk.
My concerns regarding different projects that is using blockchain is that there should be no repeating of features. There are a lot of copy-pastes projects, and the sole purpose is announcing ICO and scamming the people that invested on it. Sad.
Some have already implemented different ways like PoW or Staking that makes it less energy-hungry from solving different blocks. I'm not an expert on it but that's what I learned during my stay here in Bitcointalk.
My concerns regarding different projects that is using blockchain is that there should be no repeating of features. There are a lot of copy-pastes projects, and the sole purpose is announcing ICO and scamming the people that invested on it. Sad.
October 24, 2018, 08:47:27 PM
stable coins.. (laugh)
tether pegged to dollar 1:1 (double laugh)
when a bank account receives funds. and a certain group of people get to 'magic' up new tokens to match the bank balance.. guess what. that coin becomes no better than fiat
if you can 'magic' up new tokens at no cost. then it dooesnt take much for the magicians greed, morals to one day 'magic' up an imbalance (fractional reserve).. as shown by tether thats no longer openly audited nor pegged1:1
tether pegged to dollar 1:1 (double laugh)
when a bank account receives funds. and a certain group of people get to 'magic' up new tokens to match the bank balance.. guess what. that coin becomes no better than fiat
if you can 'magic' up new tokens at no cost. then it dooesnt take much for the magicians greed, morals to one day 'magic' up an imbalance (fractional reserve).. as shown by tether thats no longer openly audited nor pegged1:1
October 24, 2018, 07:20:27 PM
I took a dive into some of the issues that blockchain technology is facing today and was able to find some great solutions from several different projects. What are some of your concerns when it comes to mass adoption of blockchain, and which are your favorite projects to combat it?
https://medium.com/@natashavartaniants/problems-that-exist-in-blockchain-and-how-they-are-being-solved-56d2b7c92130
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