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RE: What is Blockchain Technology, and Why Does it Matter? (A Beginners Guide to Understanding the Value Behind Cryptocurrencies)

in #cryptocurrency7 years ago

Thank you for the great, informative post. It hopefully will give value to more people than just me.

Some personal thoughts:

The Blockchain technology will revolutionize the way "money" is transmitted and especially controlled.

I do actually think that it does help to show the building blocks of our current financial economy, by giving users open access to the functioning of a financial system.
This gives them the opportunity to truly question our current system, and see the flaws it contains.

Further, I think that all the big organizations, which currently centralize a lot of knowledge and power. Will eventually collapse, because upcoming tools like @steemit, utopian.io, Appics, Matryx and many others, will decentralize the way collaboration is done. Thereby, stopping the need for institution-like networks, and opening a new world of global-collaboration.

Also have a look at my recent post: A Review of Matryx: A decentralized collaboration platform

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I'll be sure to check out all of the things you mentioned. Thanks for the well thought out reply. :) I should also amend a point in my post where I stated that all cryptos are finite. I know Monero has a infinite capacity, if I remember right now. (Going to read your post now!)

Thanks for the appreciation. What do you exactly meen by finite? Their algorithms or the number of existing units?

Thanks a lot for reading the post, and have a wonderful day!

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