Quote:
Originally Posted by Moon
We are getting off the original topic a bit... but I think there is a flaw in your argument : Blockchains are most useful when they are peer-to-peer. A private blockchain controlled by a bank or government is no better than our current centralised systems.
|
I thought it was pretty clear that I was talking blockchains without central control, that being the whole point of the architecture.
Quote:
Originally Posted by Moon
|
First mover advantage might have meant something once, but it's not an unfair advantage these days. A patent or clever trade secret technology might have some value, but not just being first in a field where there's no barrier to more agile competition.
The article is fluffy crap. The author conflates blockchain with big banking and Bitcoin with cryptocurrencies in general.
Blockchain is a technology with potentially many applications. Cryptocurrencies are just one of them. Bitcoin is just a single, albeit historically important, instance of this.