07/01/2018
It sort of beats the purpose when an Ethereum transaction is more expensive than a PayPal transaction. Counterproductive really.
Blockchain promises trust, automated trust, not (only) monetary speculation. Money is just the first application of Blockchain, i.e. Bitcoin if you didn't know. Ethereum is the second generation, the smart contracts that promises so much more than (decentralized governance of) money.
This is not about money. Not at all. It's about decentralization, about trusting a machine that cannot lie instead of middlemen and authorities that can.
The cryptocurrency and ICO hype is derailing the vision of how the technology can bring fairness to all corners of the planet. We need this back on track!
Sure, fine, maybe it's a bubble. OK it's definitely a bubble, but that's a good thing, a bubble brings attention and investment in infrastructure, which..