You need to distinguish between “The (Bitcoin) Blockchain”, “Blockchain” and “Blockchain inspired”. Obviously these are not the same. As you properly pointed out Bitcoin style Blockchain is unsustainable.The optimistic forecasts http://motherboard.vi...
Yes and no. It depends on what you want to achieve. In the end the idea was to have something that behaves more like physical money. If you do a physical transaction there is no revokal.But even with digital payments there is no revokal due to lawsui...
The idea would be to leverage multisignature transactions for this. Or more generally the pay to script functions.The whole point would be to create a transaction with the semantics of "paid if not revoked within the next 12 hours". Something like th...
I fully agree that blockchains are overhyped. I would want to point out that they are even worse than you describe. 10-20 minutes is the minimum time for a block and thus a transaction to appear in the blockchain. If you want solid confirmation of th...
