5atoshiNakamoto on Nostr: A blockchain is just a digital #ledger, a record of every transaction that has ever ...

A blockchain is just a digital #ledger, a record of every transaction that has ever happened, replicated on every #node that participates in the network. This is highly INEFFICIENT. So much so that you would never choose to use a #blockchain unless the security created by the redundancy of a #decentralized network was your primary variable of interest. #Decentralization is the entire point. #Altcoins are run on #AWS. #Amazon is a singular point of potential failure. #Altcoins are scams. #Crypto is a scam. #Bitcoin only.