Name: Is Blockchain USELESS?? 9 Common Criticisms.
Uploaded: 2021-06-16T20:00:06+00:00
Duration: 16 min 10 s
Description: Hey Cadets, we've teamed up with Brilliant to bring you today's episode. If you want to learn more, check out https://brilliant.org/Cryptonauts/. The first 200 people that go to the link will get 20%

4 years ago

Hey Cadets, we've teamed up with Brilliant to bring you today's episode. If you want to learn more, check out https://brilliant.org/Cryptonauts/. The first 200 people that go to the link will get 20% off the annual Premium subscription.

There has been a lot of confusion and doubt regarding new blockchain technologies. Today, we aim to answer some of those questions by going over 9 common criticisms of blockchain and why or why not they may be valid arguments. Our research was inspired from an article written by The Correspondent, which you can read here: https://thecorrespondent.com/655/blockchain-the-amazing-solution-for-almost-nothing/86649455475-f933fe63

We have also included timestamps below so you can skip to your favorite part. Hang on tight!

Timestamps:
0:00 - Intro
1:09 - Crypto is a scam.
2:08 - Blockchain is not scalable.
3:17 - Bitcoin is bad for the environment.
4:23 - Blockchain technology is often centralized.
5:29 - Blockchain is for bad people.
6:55 - Blockchain projects don't deliver.
8:42 - Blockchains are not immutable.
10:35 - Blockchains are irreversible.
12:36 - Blockchain is not self-regulating.