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/biz/ - Business & Finance

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25353422

Anonymous Thu Dec 31 11:24:12 2020 No.25353422 [Reply] [Original]

Why is ETH even on a blockchain instead of a database?

>>	Anonymous Thu Dec 31 11:28:47 2020 No.25353570 >>25353422 ETH is a blockchain, and a database. Go get educated.

>>	Anonymous Thu Dec 31 11:29:28 2020 No.25353590 >>25353422 because gas fees

>>	Anonymous Thu Dec 31 11:30:48 2020 No.25353639 >>25353570 ETH is a token, ethereum is supposed to be a Turing complete world computer on a decentralized blockchain. It’s on a blockchain but why?

>>	Anonymous Thu Dec 31 11:32:17 2020 No.25353686 >>25353422 lern blockchain retard

>>	Anonymous Thu Dec 31 11:53:53 2020 No.25354348 File: 14 KB, 235x369, 1592754799977.jpg [View same] [iqdb] [saucenao] [google] >>25353639

>>	Anonymous Thu Dec 31 12:20:53 2020 No.25355097 >>25353639 Do you own homework

>>	Anonymous Thu Dec 31 12:22:06 2020 No.25355129 File: 48 KB, 792x658, 1579053069183.jpg [View same] [iqdb] [saucenao] [google] because it's decentereyes

>>	Anonymous Thu Dec 31 12:23:04 2020 No.25355157 >>25355097 I’m trying lol

>>	Anonymous Thu Dec 31 12:26:26 2020 No.25355259 >>25353422 Gains are better with a blockchain.

>>	Anonymous Thu Dec 31 12:32:20 2020 No.25355434 >>25353422 Database = Centealized Blockchain = Decentralized Decentralization = Full freedom from regulations to keep poor people poor. Also cute out the middleman making all types of biz cheaper and more efficient.

>>	Anonymous Thu Dec 31 12:38:35 2020 No.25355636 File: 32 KB, 960x536, pm7d6224eu461.jpg [View same] [iqdb] [saucenao] [google] >>25353422 This thread is full of geniuses. t. Backend Developer

>>	Anonymous Thu Dec 31 12:40:10 2020 No.25355689 >>25353422 Bitcoin is just a bunch of Chinese people on excel spreadsheets. The “mining” is a lie:

>>	Anonymous Thu Dec 31 12:41:38 2020 No.25355739 >>25353422 Isn't a blockchain essentially just an encrypted database thats proven accurate by neutral third parties? This feels like a "all squares are rectangles but not all rectangles are squares" type of question

>>	Anonymous Thu Dec 31 13:05:09 2020 No.25356502 >>25353422 great question since vitalik just rolls the entire chain back when his friends lose money due to hacks. might as well just be on a server in his house.