Discover and read the best of Twitter Threads about #cryptocurrencyban
Most recents (1)
#Thread
Blockchain is not equal to #cryptocurrency. But both technologies depend on each other. Feed on each other. Without the incentive of being paid in a decentralized cryptocurrency, there cannot be a blockchain. It will be just another centralized mechanism.
Blockchain is not equal to #cryptocurrency. But both technologies depend on each other. Feed on each other. Without the incentive of being paid in a decentralized cryptocurrency, there cannot be a blockchain. It will be just another centralized mechanism.
Blockchain needs resources: giant computers eating up a lot of power that act as extremely honest accountants. They are devotees of the work they are assigned to do and not of the company that owns them. Their work is their religion and crypto is their prasaad. (reward)
If blockchains operate on government sponsorships then we create another centralized mechanism - prone to hacking and prone to corruption. Like copying your homework from your notebook to a computer. Human errors are most likely.
