Viewing a response to: @ronni/re-steve-mcclair-re-ronni-re-steve-mcclair-why-most-companies-won-t-be-using-ethereum-20170624t195204824z
I talk about inefficient block chain is. The reason it was created is so bitcoin (the currency) could get around government censorship. As a result you end up with a very heavy software that requires thousands of miner to keep a copy of the blockchain. Now go ahead and ask yourself what is ethereum doing that needs to get around government censorship and has to go to great lengths to process this information?
| post_id | 4,953,732 |
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| author | steve-mcclair |
| permlink | re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-why-most-companies-won-t-be-using-ethereum-20170624t195901903z |
| category | cryptocurrency |
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Isn't there any value in just having a system (block chain) which you can have 100% faith in? Something that cannot be altered.. Also in cases where there is nothing obvious to hide. Also there is the whole question of cutting out the middleman.
| post_id | 4,955,431 |
|---|---|
| author | ronni |
| permlink | re-steve-mcclair-re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-why-most-companies-won-t-be-using-ethereum-20170624t201929258z |
| category | cryptocurrency |
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Ethereum rolled back the blockchain last year in the DAO fiasco, so much for it not being altered. Why do you need 100% faith in something? Does walmart have 100% faith in their system? I really don't know but I am sure it is close to 100% without a blockchain. You need a middleman in a lot of things. For instance crop insurance was one of the first things ethereum was being pitched for. The problem is that you need an adjust to go out to the farm and appraise how much damage was done. They can then write the farmer a check. No need for any blockchain.
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| author | steve-mcclair |
| permlink | re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-why-most-companies-won-t-be-using-ethereum-20170624t205653581z |
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I love hearing your arguments. There is definitely more to this than I can comprehend. Thank you for widening my views on Ethereum.
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| author | ronni |
| permlink | re-steve-mcclair-re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-re-ronni-re-steve-mcclair-why-most-companies-won-t-be-using-ethereum-20170624t221011264z |
| category | cryptocurrency |
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