Can blockchain technology solve 100% of the world’s problems? Of course not and there is absolutely nothing wrong with that… why should it? Instead, anything blockchain-related shines when it comes to a core group of sovereignty-oriented use cases.
With these blockchain use cases alone being more than enough to justify the existence of the technology. To put it differently, blockchain technology and cetralized solutions complement one another. For some use cases, it makes more sense to use centralized options whereas for others, blockchain technology is what shines.
At the end of the day, there is room in the ecosystem for a wide range of options and what’s most important is understanding what blockchain technology is all about in a meaningful manner. It is this understanding that will enable you to form an educated opinion with respect to when it makes sense to opt for blockchain technology and when the cons outweigh the pros. There is no such thing as a “one size fits all” solution in the tech world and the financial dimension most definitely doesn’t represent an exception 🙂
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Super video! But I can't seem to move my USDT from OKX Wallet because of 'not enough gas.' Any tips? Wallet phrase: notice leisure umbrella over east select damage pink devote drip federal august
So the blockchain can help me do illegal things at a more expensive and slower pace then traditional money, got it.
Every positive thing you mentioned can be done with cash with the added bonus of not having a digital trail of everything you did. Smh
bro come on.. you have to be better than this. there are different types of block chains, they are not inherently decentralized. for instance the differences between PoW, PoS, Pol, PoA and so on..
Very good
Thanks buddy
I agree with everything except blockchain not being cheaper in terms of transaction costs: it absolutely can be if you choose the right currency. With anything centralized, you're paying fees one way or the other (if the merchant pays the fees then they will build that into the price that you pay, so yes you do pay transaction fees in that case, you just can't see them).
Corruption free payments!
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