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DISCLAIMER!
DISCLAIMER!
-
NOT A EXPERT
Who am i?
- Cyber Security Enthusiast, Linux Admin, PHP/Python Developer
-
Happy to change side if presented with
convincing points
Doesn’t actually solve any problem
1.
Doesn’t actually solve any
problem
I mean, what's so great about a
distributed
ledger system?
2. Stone Carving
2. Stone Carving
What happens on the blockchain,
stays on the blockchain.
Arguable: Speed, Privacy, Security, Energy Wastage
Arguable:
Speed, Privacy, Security,
Energy Wastage
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Blockchain transactions need to be written in multiple places
and, despite claims, it will never be as fast as systems that are
designed to be lightening quick.
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The identity of the parties involved in the transaction is often
visible.
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Instead of an organization handling the data in efficient way,
many devices needs to do work just to store data.
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It takes up more power than the city of Houston, Texas. All for
what? To keep track of some transactions? Come on now,
that's just ridiculous.
IN CONTEXT OF NEPAL
IN CONTEXT OF
NEPAL
THANK YOU!
THANK YOU!
Sources
Sources
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https://www.bbc.co.uk/news/technology-47130268
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https://blockchain.info/pools?timespan=4days
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https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
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https://digiconomist.net/bitcoin-energy-consumption
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@prabesh
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Blockchain is a Joke