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Originally Posted by afc wimbledon
well if we were talking about how blockchain might revolutionise the shipping industry I would agree, but we aren't, we are talking about how much money you can make off Bitcoin, that's this whole conversation, and again I will repeat myself, there is no connection between the value of Bitcoin and the potential efficacy of blockchain anymore than there is no connection between the value of Studebaker or Ford as a car compony and how useful cars are and no one in their right mind is buying Bitcoin in order to support blockchain technology, they are buying it as an investment.
I would also ask you something that has bugged me some, does every application of blockchain require vast numbers of computers to function?
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I think you have to define vast - but regardless the answer is they can be more efficient. The answer is the difference between PoW (Proof of Work) and PoS (Proof of Stake). Proof of Work has thousands and thousands of computers running the same chain which is super inefficient and energy intesnive. The new PoS model chooses random computers to do the computations and validate the chain streamlining the whole process.