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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone own any Bitcoin here?
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<blockquote data-quote="quad" data-source="post: 16091846" data-attributes="member: 17952"><p>Who's going to process the block chain for Ford and confirm transactions? If they use all their own computers then it is not decentralized like Bitcoin, Ethereum and Monero etc. and it is going to require a big investment in equipment and electrical costs. That means Ford becomes like all the other banks with their servers processing transactions. Many people prefer decentralized cryptocurrencies that are not controlled by a single entity.</p><p></p><p>The one advantage Bitcoin has over Ethereum, Litecoin, Zcash, IOTA etc. is that it was the first cryptocurrency. That gives it some value. Maybe not ideal for transactions but for a store of value. If you have gold you are not going to use it for everyday transactions. You use cheaper forms of currency for that (USD).</p></blockquote><p></p>
[QUOTE="quad, post: 16091846, member: 17952"] Who's going to process the block chain for Ford and confirm transactions? If they use all their own computers then it is not decentralized like Bitcoin, Ethereum and Monero etc. and it is going to require a big investment in equipment and electrical costs. That means Ford becomes like all the other banks with their servers processing transactions. Many people prefer decentralized cryptocurrencies that are not controlled by a single entity. The one advantage Bitcoin has over Ethereum, Litecoin, Zcash, IOTA etc. is that it was the first cryptocurrency. That gives it some value. Maybe not ideal for transactions but for a store of value. If you have gold you are not going to use it for everyday transactions. You use cheaper forms of currency for that (USD). [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone own any Bitcoin here?
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