Sparky The Blade
Member
- Joined
- Sep 26, 2017
- Messages
- 176
- Reaction score
- 292
'if they can get the technology to scale which is the current issue to be resolved'.. well apart from that 'minor' issue we're sortedeasy ..
and from the link you posted..
'With the blockchain network able to accurately track the movement of funds, professionals dealing with disputes, failure of transactions and assisting customers with transactions will be made obsolete.
We won’t need fraud and risk analysts, wire specialists, even banks tellers and clerks.'
everything will run perfectly then.. heh. i'll believe all that when i see it although fraud should be considerably reduced at least in the short term i'll give you that
Hard to corrupt a public ledger that everyone has access to. If you try to make changes fraudulently your ledger becomes different from everybody else's and you will not receive verification. The only way to do it would be to change all the ledgers and that is impossible.
Many scaling options are on the table and being worked on. Bitcoin Cash is increasing the Blocksize, Bitcoin Core has a 2nd layer that sits above called the lightning network. Etherium has several 2nd layer options too. The scaling answer isn't that far away (within 5 years it will be done).