The only real innovation of blockchain is bitcoin.

A blockchain without decentralization is just a database of hash-linked lists.

A security mechanism without a native digital currency to incentive the distributed security of the network is not decentralized.

A native digital currency without scarcity and free market price discovery has no value.

Therefore, a blockchain without a native digital currency that is scarce and valued on the open market is fundamentally un-interesting.

"Blockchain technology", "DLT", these are just terms for a centralized but shared database that is tamper evident, but not tamper proof. There is nothing innovative interesting or revolutionary about that.

The ONLY real innovation of "blockchain" is that it allows the creation of a sovereign system, a system that governs itself, and the bitcoin blockchain is the only blockchain so far that has proven itself to be sovereign.

Submitted February 13, 2020 at 10:48PM by slvbtc https://ift.tt/2URc0YG