/biz/ - Business & Finance

>>1746646
>A centralized blockchain
That makes no fucking sense you technologically illiterate goon. The whole point of a blockchain is that it's an immutable data structure because it's decentralized. Its integrity is maintained by having regular people "vote" with their computer's hashing power, and since lots of people own computers the control over the currency is distributed across many enough small entities that nobody in particular has large voting power on which blocks to accept or reject.

A centralized blockchain would just be a regular database, and at that point the idea of storing everything in blocks along with hashes of the previous block doesn't make sense anyway since it's just extra work.

I don't buy scamcoins. Ethereun had potential until Vitalik showed his true colors as a money-grubbing fraud during the DAO incident.

Bitcoin isn't much better either.