Why you don't want a blockchain -
1. Storage: Everyone has to store everything
2. Bandwidth: Everything has to be broadcast to everyone
3. CPU: Everyone has to validate everything
4. Development: Everything is 10x harder
5. Control: Everyone collectively has control, not you
@Melt_Dem @n00bqu33n The way initial funds are distributed is arbitrary. An ICO will fail or succeed on its merits and investors will be smart with their money or they won’t last long. Decentralization is about freedom from coercion and gov’t meddling, not egalitarian distribution of wealth.
@fundstrat FYI, banks “adopting crypto” and filing blockchain patents have about as much bearing on BTC and ETH as govt F-22 contracts have on my right to own a handgun.
@evacide@aantonop What does this even mean? Are you looking for women who were extorted into performing sex acts by a hacker threatening to release private pictures/content gleaned from a compromised machine?
Liberal economists like Krugman like to pretend that they are driven by the Everyman’s plight, yet refuse to acknowledge how much a decentralized, deflationary, immutable currency could be of value to those for whom traditional governments and currencies have failed. https://t.co/je1Bw0Pp5m
This is a really helpful article, but fairly hard to read (and I don't think I'm dumber than most readers). But maybe I can offer an analogy that I find useful; no doubt crypto guys will tell me I still don't get it, but here goes 1/ https://t.co/0p7JRltzMS
@Steve_Lockstep@AriDavidPaul@katrynadow You’re either a hopeless Luddite or an elitist yourself if you think that crypto is beyond the grasp of desperate peoples.
@BITMAINtech STOP GIVING THESE PEOPLE YOUR MONEY! They will use this miner while returns are high and ship it just in time for you to have a loud, worthless box. GFY Bitmain.