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/biz/ - Business & Finance

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4990574 No.4990574 [Reply] [Original]

Crypto currencies are completly unusable at large scale, and blockchain is just an overly complicated database that has very limited usage if any. In any case real world blockchains will be private.
All is just one big bubble.

>> No.4990595

>>4990574
So hyperledger fabric then

>> No.4990596

>>4990574

Who cares were making money

>> No.4990644

>>4990574
>private blockchains
There is literally no point to a private blockchain. In the 1990s people said well there will be lots of private internets but they realized that’s just retarded. If you have a private entity controlling the network, then they won’t use a blockchain as a consensus mechanism also you are a brainlet fuck outta here.

>> No.4990678
File: 64 KB, 910x752, mcnigger.jpg [View same] [iqdb] [saucenao] [google]
4990678

>>4990574

>blockchain is just an overly complicated database that has very limited usage if any

>> No.4990704

>>4990644
There are 'private internets'. Those are local networks.

The internet was the thing that connected them.

>> No.4990720

>>4990678
i mean its good for voting, but not much else
pointlessly wasteful to keep billions upon billions of copies of the same data around

>> No.4990724

>>4990644
The problem with bitcoin is that right now a certain countries controls nearly the entirety of it, aka ching chongs.
For being a decentralized currency, china sure controls loads of it.

>> No.4990735
File: 59 KB, 658x662, eb9691c11cff1672203e83d433dc8e68bc18d3fd0c72d6fed8022d2e6aa3efd3_0.png [View same] [iqdb] [saucenao] [google]
4990735

>>4990574
>I read one Reddit post and now I get it

You have no clue how Blockchain technology really works, do you?

>> No.4990789
File: 116 KB, 679x348, 1504977631749.png [View same] [iqdb] [saucenao] [google]
4990789

>>4990735
You bought at 15k+ and now think its the best thing since sliced bread and the world around it is going to crumble at its might?

>> No.4990798

>>4990574
>very limited usage if any
Literally doesn't matter. Cryptos are excellent speculation engines now. Keep coping and posting frogs, though. Impotent nocoiner rage is always fun.

>> No.4990805

>>4990735
Is that a Rai hat?

>> No.4990835

>>4990574

Even if you're right there will be a demand for some sort of trustless system to move information on and off and between those private blockchains.

>> No.4990847

>>4990574
Then put your money where your mouth is and invest in monero

>> No.4990852

>>4990574
>what is decentralized gambling

>> No.4990883

>>4990644
>private internets
called intranet and every bigger company has one for their employees and knowledge management.

Retard

>> No.4990952

lmao do you know how retarded you sound? "private" block chain, LMAO, what would be the point if you already own and trust the entire system? all this cooy pasta FUD is continually debunked but you idiots still don't get it. hell, most people IN crypto don't even understand it, love when fucking salty no corners act like they do even when proven wrong 10 times over.

>> No.4991193

Only rich Saudis could inflate the price x10

>> No.4991316
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4991316

>>4990574
Some of them are completely usable at large scale. Pic related, unfortunately /biz/ hates it and the company itself doesn't encourage it for anything other than enterprise use by banks. Would be great for mass adoption.

>> No.4991856
File: 258 KB, 567x403, 5232342323.png [View same] [iqdb] [saucenao] [google]
4991856

>>4990574
OP's profits, pic related.