Quote:
Originally Posted by ShopCat
If one could solve the blockchain trilemma (decentralized, secure and scalable) it may become king. So far you have to sacrifice at least one for the others. Bitcoin is ultimately secure and decentralized, but not so scalable.
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I agree, but also disagree. I think the decentralized thing is not as big of an issue as one would think. I think an International body / organization / court that could intervene when fraud occurs or something against the "code" of a crypto happens could be feasible. As long as the supply of the coin is relatively stable and a function of the capital placed into it (which it is not right now), then I think the decentralization argument is less of an issue. For some it's a major issue, but I think for main-stream adoption, it's not as important.
In my opinion, the mining energy usage is the number one thing that is going to stop BTC in it's tracks though. No mainstream company is going to embrace this when it's so disastrous for the environment and contributes so much to global warming. The optics are terrible, and even Elon recently figured that out - probably after being called out on his apparent hypocrisy on the subject (pushing green cars while advocating the use of Bitcoin which is estimated to use almost 30 times the electricity of all the Tesla cars combined for a year? (
https://fortune.com/2018/01/11/bitcoin-mining-tesla-electricity/)
-Wayne