Posts

Rethinking The Economic Incentives of Blockchain

avatar of @lunaticpandora
25
@lunaticpandora
·
0 views
·
1 min read

https://www.youtube.com/watch?v=fJGuxcEvats&feature=youtu.be


Scaling is a word that gets throw around daily when discussing cryptocurrency all over the internet, from Bitcoin to Ethereun to EOS to Steem! Everyone is looking at how to scale better and how to make our platform's scaling solutions efficient, effective and most importantly, cheap.

David from the Saito blockchain believes he has figured out what's gone wrong. Scaling is not all about technology but rather about economics. He created a 10 minute video that compares this issue to the multiple consciousness levels of Inception and how it affects blockchain in general.

The video is pretty easy to understand, all that is left is to ask if you agree with it or if you think the concept is wrong and why lol!