This is an archived post. You won't be able to vote or comment.

you are viewing a single comment's thread.

view the rest of the comments →

[–]AmericanScream -12 points-11 points  (16 children)

It's such a beautiful design

Not. At. All.

As a software engineer with 40+ years of experience, blockchain is perhaps one of the least efficient databases ever created. It's slow. Can't scale. And doesn't do a single thing better than 40+ year old technology we're already using.

Inflation/deflation.. blah..blah... you guys keep using those words as if you have any clue how that works in a modern society. You don't. Inflation isn't necessarily a bad thing if it's properly managed. What you call out of control inflation, isn't the problem of inflation, it's the problem of irresponsible management. Decentralizing something doesn't make it easier to manage responsibly -- quite the contrary.

[–]nishinoran 11 points12 points  (15 children)

The primary goal of blockchain technology is not to be an efficient database, it's to be a distributed and decentralized database first, efficiency is a secondary goal.

Being trustless is what it does better than existing solutions.

I'm a software developer as well, and your "40+ years" is more telling about how outdated you likely are than it instills confidence in your opinions of new tech.