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ladyrainicorn
Blockchain can disrupt the society and global economy

Link: https://www.zdnet.com/article/yes-blockchain-could-reverse-the-course-of...

 

I've seen tons of videos about Bitcoin and the insta-millionaires it created but what I'm really hyped about are the new developments the "second generation of the internet" is gonna open up for us. 

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Jaxxx

Well of course it can! At this moment we use money which is generated by governments and banks. They are the one who have control over world's wealth. In crypto, community is the one who is generating money. There are no banks or governments or companies making money just by being in the middle of transactions. So yeah, quite a lot of companies, especially those connected to banks and money transfers will most likely die if they don't adjust.

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ladyrainicorn

Given the recent nosedive of cryptocurrency value though, it's probably not gonna replace "real" money soon. That and I think there are a lot of limitations with the amount of transactions blockchain can process per minute.

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SilentMan

There are many problems with crypto and why it's so complicated for it to replace current system, but speed is not one of it. There are many crypto currencies that do just as good as normal banks and there are those that have way better speed. It's not all about Bitcoin which is terribly slow. 

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