this post was submitted on 22 Jul 2023
168 points (85.6% liked)
Asklemmy
43852 readers
656 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
People have actually used crypto to make payments. Crypto is valuable, but only when it's widely adopted. Before you say something like "use a database," you might take the time to understand what decentralized blockchains are accomplishing and namely removing a class of corruption from any information coordination tasks.
Why bother with the overhead of blockchain when users centralise on a handful of ~~banks~~ exchanges.
Exchanges only exist to convert away from the crypto. If that's the standard money, they don't live. They aren't the banks of the blockchain. They are the intersection of fiat banks and the blockchain.
Strongly disagree, some exchanges donβt even have fiat on-ramps.
Blockchain is inefficient and pointless when users centralise on coinbase and binance.