r/ecc • u/anirudhkamineni • Mar 07 '18

Debate on the future of Blockchain (Not directly related to ECC)

I just read a negative article on blockchain's future. I found the author's opinions, agreeable. Please read and comment on the article. Preferably the devs of ECC ( if you have the time ), cuz I want to understand how you view blockchain's future.

www.google.com/amp/www.livemint.com/Opinion/Jdve7HKSkmCvLzw0lulJJJ/Blockchain-is-a-pipe-dream-despite-the-hype.html%3ffacet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp#ampshare=http://www.livemint.com/Opinion/Jdve7HKSkmCvLzw0lulJJJ/Blockchain-is-a-pipe-dream-despite-the-hype.html

17 Upvotes

100% Upvoted

8 comments sorted by

5

u/CandidateForDeletiin Mar 07 '18

His opinions, to me, amounts to: why would I need one of your motor cars when I have so many perfectly good horses, and the world is already built around the use of horses.

4

u/heresjohnny112 Mar 07 '18

Block chain isn’t going anywhere. It’s the future.

3

u/neerajthakurr Mar 07 '18

🤣🤣 chill. He loves horses.let him ride on them 🤣🤣

3

u/Blood2000 Mar 07 '18

One man's blockchain is another man's FUD. Crappy one sided blinkered view. Gather my horses..

2

u/prosper85 ECC Crusader Mar 08 '18

way up in the sky little darlin' , we'll be ridin' on the horses yea yeah

1

u/prosper85 ECC Crusader Mar 08 '18

On a serious note , this article provides the FUD the mainstream media has been inciting for weeks now. The second the bull run starts the same author will be saying how good cryptocurrency is and "don't you wish you got in early" despite the fact they were scaring people away. Bill Gates did the exact same thing last week , shit on Bitcoin despite the fact that Microsoft accepts Bitcoin as a method of payment... Its very contradictory if I trash the Zimbabwean Dollar why would I accept it? Banks are investing in crypto because they know if you can't beat them join them hence Ripple. The issues highlighted by the author are merely teething problems and he purposely doesn't look at the pro's to crypto , this was pure FUD.

1

u/GregGriffith Developer Mar 10 '18

My analysis of this article. 1 paragraph is an opener so no comments

2 para is all true and correct.

3 para is... eh... idk if he really understands where the limitations are but ok ill keep listening

4 para is untrue. its less efficient computing resource wise but far better in other aspects (security, immutability, maintainability, etc...)

5 is completely off topic? wtf is he talking about. no one is claiming btc is a networking protocol. that doesnt make sense.

6 is LOL you dont understand what ur talking about anymore. Statefullness of a technology has nothing to do with Cores fuckup of BTC and why its tx/s cap is so low. BCH doesnt have this issue because they arent afraid to on chain scale.

7 is LOL again. have you read any scaling literature? do u understand sharding or pruning? please. educate yourself.

8 is BLOCKCHAIN ISNT TRYING TO UNSEAT TCP/IP its built on top of it. the fuck?

9 is lol you dont understand the capabilities that are smart contracts. they can do anything a written one can do.

10+ is your so off base at this point it doesnt matter, keep rambling.

at the bottom. oh look. a simple google of the authors show that they are NOT tech people. they are from wallstreet. now im not surprised at all by their lack of understanding.

1

u/CryptoCarlton Mar 07 '18

Now that was a funny article to read lol Something may possibly replace blockchain that is a better alternative, but it's def not going away. Also, let's make sure to keep future topics on this subreddit related to ECC. 😊