Comment on Please bro

• merc@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Stablecoins? The best that you can hope for is that they keep their promise not to crash. And sometimes they do crash and people lose all their value. They’re like having cash, but much, much worse.

  The price of a particular token has nothing to with how blockchain works. It works.

  Blockchain is just an incredibly inefficient distributed database. Of course the price of a token has nothing to do with an incredibly inefficient distributed database. So what?

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Blockchain is just an incredibly inefficient distributed database.

    Agreed. Most of the time a traditional database is far cheaper and better performing.

    The key innovation of blockchain is that write access is algorithmic, not centrally controlled. This feature is not possible with any other technology.

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    • merc@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      What feature is that?

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨year⁩ ago

        write access is algorithmic, not centrally controlled.

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