The blockchain myth is the second

in #busy6 years ago

The second myth is low costs. In fact, low transaction costs are many times increased, due to large initial capital investments. This can be compared to an impractical invention. This is when the costs of applying the invention are greater than the economic benefits of this application. We spend 10 dollars, and save 2 dollars. And then low costs are due to the slowness of transactions and the primitive storage of data. It is impossible to organize a search on the detachment - this is not a database. Some ideologists of imaginary decentralization dream, how to cut a google and distribute it to everyone in a piece.
That would be fun for the whole world ...

https://busy.org/@leonid96/the-blockchain-myth-is-the-first

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