The word blockchain is thrown around with the idea of solving major problems, but there isn't much apparent use outside of currency. There are no applications of blockchains that do not involve a double-spending problem.
This is why Bitcoin is the only cryptocurrency destined for success.
Bitcoin offers a 1000x improvement over fiat currencies, but no other cryptocurrencies offer a 1000x improvement over Bitcoin.
- an excerpt from the 2-minute version of It's Not About The Technology, It's About The Money (2017) https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology
2minutebitcoin
npub1p6…9ej3v
2023-04-26 01:14:02
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-04-26 01:14:02Event JSON
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"content": "The word blockchain is thrown around with the idea of solving major problems, but there isn't much apparent use outside of currency. There are no applications of blockchains that do not involve a double-spending problem.\n\nThis is why Bitcoin is the only cryptocurrency destined for success.\n\nBitcoin offers a 1000x improvement over fiat currencies, but no other cryptocurrencies offer a 1000x improvement over Bitcoin. \n\n- an excerpt from the 2-minute version of It's Not About The Technology, It's About The Money (2017) https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology",
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}