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The cost of Blockchain ???

rustycase

Active member
I have just come across an article at themerkle regarding blockchain...

http://themerkle.com/understanding-the-fundamentals-of-bitcoin-and-the-block-size-debate/

It is interesting...

"The first section of Rajasekhar’s essay described the nature of the Bitcoin blockchain and its difference to centralized payment networks like Paypal. Rajasekhar explains that operating the Bitcoin blockchain is expensive, much more expensive than traditional finance, because it requires existence of numerous servers instead a single server."

Perhaps my first question might be, 'To whom is blockchain expensive ?'

Elsewhere, Vladimir is declaring a problem with the 'garage economy'...

Any thoughts on this ?

YMMV
rc
 
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