Ciaran Ryan is a Johannesburg-based freelance writer who has a background in finance and mining, having previously headed up a gold mining operation in Ghana. He currently writes for several SA and overseas journals on matters ranging from mining to investment.
Brilliant Concept (ie. using block chain to trade/invest) – it is the future without a doubt –
but unfortunately,
this guy is going about it the wrong way. (kinda thinking small not seeing the big picture – start with the end in sight – build a block chain exchange were the big guys are attracted first … coz of efficiencies of scale etc and so on – )
This is complex – You need a top team of developers and pros.
But full marks for trying – wish you all the best.
PurgeCoin
2 months ago
Whilst i am huge blockchain and crypto fan, i even admit its very inefficient both in size and speed when dealing with data, rather its claim to fame is the ability to verify information without the need for a 3rd party, this automatic self verification is the true value of Bitcoin.
POW (Proof of Work) is the process which Bitcoin uses, many improvements have been made but the file size is only about 1meg whilst taking about 10min to verify and huge amounts of computing power. Still more cost effective than the banking system and fiat.
In the Book, Bitcoin Standard by Saifedean Ammous, he makes the case of how and a blockchain system will work to the benefit of a financial system like Stock Exchanges.
Moneyweb requires cookies to function properly. By continuing to use our website, we assume you are okay with it. For more information on how we use cookies and how to disable it, please read our
Terms of use.
COMMENTS 3
You must be signed in to comment.
SIGN IN SIGN UP
Brilliant Concept (ie. using block chain to trade/invest) – it is the future without a doubt –
but unfortunately,
this guy is going about it the wrong way. (kinda thinking small not seeing the big picture – start with the end in sight – build a block chain exchange were the big guys are attracted first … coz of efficiencies of scale etc and so on – )
This is complex – You need a top team of developers and pros.
But full marks for trying – wish you all the best.
Vote 7
Whilst i am huge blockchain and crypto fan, i even admit its very inefficient both in size and speed when dealing with data, rather its claim to fame is the ability to verify information without the need for a 3rd party, this automatic self verification is the true value of Bitcoin.
POW (Proof of Work) is the process which Bitcoin uses, many improvements have been made but the file size is only about 1meg whilst taking about 10min to verify and huge amounts of computing power. Still more cost effective than the banking system and fiat.
In the Book, Bitcoin Standard by Saifedean Ammous, he makes the case of how and a blockchain system will work to the benefit of a financial system like Stock Exchanges.
https://saifedean.com/book/
Vote 4
Heard of Proof of Stake?
Vote
Load All 3 Comments
End of comments.