Originally posted on 07/03/2018:

Quote Originally Posted by themike78 View Post
Can someone explain to me how blockchain is so valuable to companies in the future? Who the fuk would want to invest in a system that clears transactions in 5 minutes sometimes and 12 hours at other times. Not to mention the utility bill costs to run this b.s. Complete garbage. What is the point? Am I missing something? Debit cards 5000 times faster than this garbage.
if you want to send a drug dealer in Australia to send you some drugs could you use that debit card?

what about to an online sex chat girl in Romania?

do many people want to use their debit card to fun gambling or poker accounts?

if you send any other way, you have to use a "trusted" 3rd party. your info is then recorded when you do that that transaction

utility bill? who has to pay that? just the miners

there is no central server holding on the info, so there is no charge. all users in the blockchain are storing pieces of the encrypted transactions recorded on the ledger.

There is a reason that computer nerds jizzed themselves for months on end when the block chain was first introduced.

do you recall any of the security breaches where millions of people had their identity and $ at jeopardy at "trusted 3rd parties... Home depot, Target, Equifax, Morgan Stanley. ect

any company that holds your info, is just a weak firewall or good hacker away from fuking your life up pretty quickly.

block chain technology eliminates having to worry about people getting their hands on your info, as well as the US government