𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
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In this video, I discuss why there is nothing special about blockchain.
In almost all cases, you are much better off using a centralized database, which is faster.
The only reason to use a blockchain is when decentralization and neutrality are more important to you than speed.
And the main use case for that is money, where you want to have a neutral stance towards everyone who interacts with the system.
That’s why you don’t want your money issued by a corporation or by a government. It’s simply giving them too much control– and that control always ends up with governments taking advantage of people and harvesting their life energy.
Satoshi’s real innovation was not blockchain, but rather combining proof of work with a distributed network as a way to achieve consensus, without having to rely on a centralized 3rd party like a bank.
Not investment advice! Consult a financial advisor.
The Bitcoin white paper:
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Ethereum Post-Merge OFAC Compliant Blocks:
Why Am I Such A Mean Bitcoin Maxi?
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