SvennoJ said:
jason1637 said:
I mean not really. Cardano is bigger than Solano with over 30 billion transactions last year and its one of the most energy efficient blockchain platforms while also being one of the most decentralized. Solano plans on adding more validators soon so I'll get more decentralized as time goes on anyway. |
Every new 'solution' has it's own cons https://www.cmnnews.live/the-cons-of-cardano-no-more-cards-left/
Anyway enough of this derailing with "look it can be energy efficient", that's not the point.
Why are they a force for good? What problem do NFTs solve? What is wrong with the system we have in place?
Which of the 100+ blockChains is more stable, more secure, more efficient, faster, cheaper and overall better than what's in my bank account right now.
It all just looks like get rich quick pyramide schemes to me. Nothing but new fancy stocks to gamble on.
At least gold mining produces material that actually has its uses. Banks you can go to, sit down, get financial advise, a mortgage, a loan etc.
What do you get from blockChain? A key to a wallet stored in a file for which there are no guarantees. Unlike my bank which is so called 'too big too fail' and is fully backed by the government. I trust it more than withdrawing my money in gold and burying it in the back yard. (That would actually have increased in value quite a bit thanks to the pandemic)
It's not useful for every day payments. I can use my VISA card everywhere in the world. Don't have to think about, just tap. If anything goes wrong I get an alert and refunded. Every transaction earns me points and every other year I can buy a new laptop with that. Next to other benefits like travel insurance. All you have to do is pay it off monthly, which is nothing but a button press in a web browser.
Ethereum was recently hacked and now has 2 versions? How does that work or breed confidence... https://www.pcgamer.com/cryptocom-reportedly-suffers-hack-losing-more-than-dollar15-million-in-ethereum/
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What I think is good or beneficial you might not care for and you probably don’t.
Personally I think Blockchain and NFTs are beneficial because they can verify digital contracts without developers having to build and maintain their own platform so they can allocate these resources towards other aspects. Not only video games but general NFT projects I’m general.
Different blockchain platforms do different things and they all have their pros and cons, it depends on what’s the project and what they’re trying to achieve.
Crypto has its pros over banks, it’s more entry efficient, faster transactions, can be stacked against inflation.
Its very hard to hack the blockchain but it does happen (rarely). But hacks also happens in the banking system too with credit card info being hacked etc.