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Strategies & Market Trends : Blockchain and Cryptocurrencies

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To: Cogito Ergo Sum who wrote (346)	1/24/2018 11:54:10 PM
From: Elroy	Read Replies (2) of 7627

The value is in the verification process.. Yes this is true. But how many peer to peer verification processes do the masses require? Money Betting What else? That's what I'm asking. Those two uses are individual to individual and the blockchain removes the intermediary. The blockchain serves as the intermediary, and the individual is responsible for the rest. I can't think of many other things I want to do with people all over the planet that require serious verification. Pay for stuff, OK (Bitcoin). Bet (it's basically the same concept, but betting rather than transferring money). What other things do I want to do with strangers on different continents? Once you get into companies doing things with blockchain, I think you're going to lose the benefits you accrue from peer to peer Bitcoin. For a corporate private blockchain, who is the miner? Probably the corporation, right? So.....what do they verify about themselves? Which central intermediary gets removed? We'll see, but I'm interested to hear people's thoughts about which applications/functions seem perfect for a blockchain/distributed ledger usage. Go ahead, fire away.

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