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Discussion on: Explain Blockchain like I am Five

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polterguy profile image
Thomas Hansen

Distributed database built upon democratic philosophy and cryptographic technology. 100,000 times slower than everything else, but still interesting because of replications and cryptography ensuring truth …

Now ofc, I’ll need to explain crypto and philosophy πŸ˜‚

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hr21don profile image
Helitha Rupasinghe

Thank you for sharing!

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jmfayard profile image
Jean-Michel πŸ•΅πŸ»β€β™‚οΈ Fayard • Edited

Libertarian* philosophy, aka anti-central bank for bitcoin, which is weird niche thing to worry about.
Not democratic because the people don't have authority to deliberate democratically and change the laws governing the blockchain. It's usually a handful of oligarchs running expensive specialized hardware and polluting like crazy at the expense of everyone else who do.