Blockchain is good if you want everyone to know who you send your money to.
Which sounds stupid, but if we used it more for things that aren’t stupid money, perhaps we could find something where transparency and permanent immutable logs are a good thing. For currency those may even be bad things because privacy. Which Monero solves and that’s actually another useful thing - ability to make untraceable payments remotely. Used to have to use cash for that.
Blockchain is good if you want everyone to know who you send your money to.
Which sounds stupid, but if we used it more for things that aren’t stupid money, perhaps we could find something where transparency and permanent immutable logs are a good thing. For currency those may even be bad things because privacy. Which Monero solves and that’s actually another useful thing - ability to make untraceable payments remotely. Used to have to use cash for that.
Bitcoin would be fantastic to force businesses to be taxed under a clear ledger.
Snap, Atomic, whatever…
Well yeah, but as a private citizen, I don’t want MY spending transparent to everyone like that
Now businesses? Yeah would be nice
No, I get it. You can see where I’m from here.
Ah right, I was on mobile and Voyager doesn’t show instance addresses by default lol
There are a couple of good uses of blockchain, not only currency, but yea