Arguments for the pros of blockchain and crypto


So I was reading a post over on /r/programming and it was just ripping into blockchain tech/crypto, and pretty much every comment on there was full if the same sentiment. Mainly saying it has no use cases, its all a big scam, the blockchain doesn't actually serve a purpose, its killing the planet etc.Thing is I've seen this same kind of post over and over on other subs, be in finance, tech, legal advice etc.Sometimes I do try and point out all the good things, but its hard to argue sometimes especially on the more popular subs as you tend to get shouted down and voted out of existence.Who's got some good simple, one or 2 line plus points we can you to show people the advantages of the crypto/blockchain space, the simpler to understand the better.Let's help each other spread the word! via /r/CryptoCurrency https://ift.tt/3pzhWn0

Comments

Post a Comment

Popular posts from this blog

Old people have always been afraid of new tech

Image
Crypto is still pretty fresh considering it's been around for a decade. New payment solutions are being developed on different block-chains as we speak and people are still finding new ways to use the tech.Is there something history have learned us, is it that old people have always been sceptical about new tech. Back when internet arrived. They said it would never gain momentum and will be gone in a short period of time. They said the same about email as well. It was too complicated and difficult to use.I dont believe crypto is any different for these old and outdated leaders. It's always been like this. They dont do the research. When the tech gain momentum it often change our very way of how we connect with each others.I still believe crypto is just getting started. We have only seen fractions of the potiential of crypto so far. via /r/CryptoCurrency https://ift.tt/3y3pfXI
Read more

5 cryptos in the top 50 that no one here talks about

Image
We all hear about ALGO, CRO, VET etc.So here’s 10 cryptos in the top 50 that no one talks about in this sub.AVALANCHE (AVAX)WEBSITE ROADMAP WHITEPAPERTRON (TRX)WEBSITE WHITEPAPERELROND (EGLD) WEBSITE WHITEPAPERHEDERA (HBAR) WEBSITE ROADMAP WHITEPAPERTEZOS (XTZ) WEBSITE WHITEPAPERDisclaimer: 1. These aren’t ranked in any way. 2. I have decided not to write anything but just to provide resources for you to research yourself. This is not a shill. via /r/CryptoCurrency https://ift.tt/3y7a7bV
Read more

I read the entire Bitcoin whitepaper so you don't have to (but you should!)

Image
Hey all! So what is in the Bitcoin whitepaper?It is supposed to be a "Peer-to-Peer Electronic Cash System". It's a system meant for payments and exchanging value.IntroductionThis is the rationale of the whole thing: third parties seek rent on your transactions, so lets cut them out, so that transactions are cheap. They are also irreversible, so merchants/services are more protected in this system.This is achieved by combining a chain of digital signatures with computing power invested into proof of work.\2. TransactionsThis is the first half of the equation.Say you own a coin. To spend it you need to digitally sign, with your private key, that you want to spend it.This ensures a number of desirable properties. No one other than you can spend your coin. The coin can't be spent twice.\3. Timestamp ServerEvery 10 minutes or so the system as a whole batches the transactions that happened in those minutes into a block and finalizes them. None of the transactions that are ...
Read more