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submitted by /u/ChronosCrypto [link] [comments] |
source https://www.reddit.com/r/btc/comments/cy5f41/one_minute_crypto_covers_delta_blocks_aka_storm/
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I like it better than BTC for some reason, but I actually don't think any cryptos have any value.
Basically it's a mistake that stems from falsely thinking that the dollar is also not redeemable for anything. So it's like "Oh so we're doing worthless currencies, OK. We got ours then."
In reality the dollar can be exchanged for Being Off The Hook with the IRS.
I'm all for replacing all the network application with dapps, but in my opinion the bottleneck for wide acceptance of dapps is that you have to always keep your identity and secret key safe (in Blockstacks's case) and if you lose that, you lose everything in the app. This is not convenient for older people or for much younger people who could easily lose those information or anyone who is not very careful. Currently as we use normal apps like social networks, ride-sharing services, etc., if we forget the password or anything, we have our email address to fall back to, but in dapps I (noob here) don't know if something similar exists.
How the community is tackling this problem? Is there already solutions out there? (I should note that I'm not targeting Blockstack by any means, this might also be the case for other platforms like Ethereum and other sites like steemit)