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Author Topic: Bitcoin is a flawed technology  (Read 4685 times)
Angle22
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July 25, 2018, 07:09:16 AM
Merited by bucker steemit (2)
 #61

no, because bitcoin technology is profitable when used in a good way, almost the biggest country uses bitcoin, and many bitcoin users are almost all over the world, if bitcoin technology is wrong why bitcoin is made, because bitcoin is a lucrative job if you can use it.

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Ava Duvall
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July 25, 2018, 11:22:17 AM
 #62

You don't actually need a copy of the whole blockchain!

You only need the recent part of it that deals with the bitcoins you own or receiving or storing.

Right now, everyone stores the whole thing because the blockchain is still pretty small.

But as time goes on, it is likely that the average user won't hold the whole blockchain on only large servers or "bank"-like entities will keep the whole thing.
I would agree.  blockchain is still growing and improving over time, and bitcoin is not flawed technology like mentioned about blockchain its growing and improving slowly but surely, it has its downs but every cryptocurrency does
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July 25, 2018, 12:32:38 PM
 #63

Bitcoin is not and can never be a flawed technology, from the qoute it is very clear that he (Satoshi) made his estimate with the worst case scenario and the system was still going to function perfectly with the worst case scenario of systems shipping with 2GB ram. This just goes to show that the technology behind BTC isn't flawed and would remain around for many many years to come.
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