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RE: SWIFTCASH WHITEPAPER V2.0.0

in #swiftcash5 years ago

PoS, DPoS...doesn't make a difference, in my opinion. If you're building blockchains that are 20x slower (or more) than existing ones, it's not moving things in the right direction.

These are blockchains with tokens to be used as currency. It's kind of hard to have a viable currency when any moderate to relatively high volume of transacting isn't possible. Not that anyone actually wants to use crypto tokens as currencies anyway, as most just want to "get rich" by cashing them out for fiat. So maybe 1-minute block times will be sufficient. I just don't see that as innovative at all.

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But you're not factoring in the use of masternodes and instant payments. When you can have transactions confirmed instantly, block time won't be that important and 1 minute is more than enough imo. Dash was the first blockchain with masternodes and instant payments and their block time is 2.5 minutes. And I agree most people who get into crypto just wanna get rich quick. I also don't think a single blockchain can ever meet the demand of everyone in the world if crypto was ever adopted by masses. It's like expecting one bank to meet the needs of the whole world and every new bank to have something new or innovative otherwise people won't save their money there. I don't think so... I believe any blockchain even if it's a complete copykat, can turn into a store of value if it's not a scam setup by dodgy founders.

...if it's not a scam setup by dodgy founders.

Ha! That’s like 99% of cryptos!

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