“Blockchain, but not Bitcoin” is an erroneous slogan

Question: exposing the statement “blockchain, but not bitcoin”, how can we convince an ordinary person that such logic is erroneous?
The only motive for using the blockchain is to achieve decentralization. In order to achieve decentralization, we need the ability to confirm transactions without giving anyone the right of veto or the right to control the network. Decentralization of transaction confirmation is needed, and the best mechanism we have so far found for decentralized transaction confirmation is a consensus algorithm that is based on competition. This may be, for example, Proof-of-Stake. In order to have competition, we need risk and reward. To reward you need an internal token. You need something valuable that people are trying to get, which causes them to stay in the game.

If you do not have such value, then you do not have the basis for competition. Without competition, there is no security. In the absence of security, you will have to centrally monitor transaction confirmations. And without decentralization there is no point in creating a blockchain.


Coffee for bitcoins

Starbucks will start accepting cryptocurrency Visitors to the world famous Starbucks coffee shops will be able to pay with Bitcoins. Such an opportunity will be available at the end of the year. Cryptocurrency will instantly be converted to Fiat via the Bakkt platform. Initially, the opportunity to pay for coffee with Bitcoins will be available […]


a crypto-fiatnoy exchange in Argentina

In his tweet on n article published on the CoinSpice cryptocurrency website. The article related to a joint investment agreement in blockchain projects between the government of Argentina and the Binance Labs division, whMarch 9, CEO Binance Changpen Zhao hinted at the creation of a new crypto-fiatnoy exchange in Argentina. This tweet was liken article […]


Fool always knows how to scold

There is not a single billionaire in the world who has made a fortune to criticize others. And a lot of successful people who spat on scolding and doing their job. That’s all you need to know about critics. The fool always knows how to scold, the clever will tell you how to do it […]


Exodus

Setting up Zion will take a few minutes. The wallet will require you to create a six-digit PIN code and write down a mnemonic phrase (syd) of 12 words – in a word, nothing unusual for those who are already familiar with cryptocurrency wallets. The good news is that Exodus 1 comes with Opera’s pre-installed […]


Satoshi logo

Reddit users made a flash mob and offered more than 50 options for Satoshi logo It all started with the fact that the user with the nickname BMore_original laid out the icon of the letter S, which children constantly drew in the 90s (third row from the left). He explained: “The real symbol of Satoshi, […]


“Blockchain, but not Bitcoin” is an erroneous slogan

Question: exposing the statement “blockchain, but not bitcoin”, how can we convince an ordinary person that such logic is erroneous? The only motive for using the blockchain is to achieve decentralization. In order to achieve decentralization, we need the ability to confirm transactions without giving anyone the right of veto or the right to control […]


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