The author highlights the ongoing dilemma of whether blockchain communities can remain engaged and empowered while adhering to the rules and requirements of institutional enterprises. They question if Bitcoin is the future of blockchain and discuss the challenges banks and businesses face when trying to leverage blockchain technology while complying with industry standards and national laws. The author argues that traditional blockchains like Ethereum have failed corporate and individual investors due to scalability issues, lack of measurement for quality among nodes, and the presence of bad actors. They suggest that new chains, designed for innovation and catering to the needs of both businesses and communities, can provide solutions to these challenges. The author emphasizes the importance of decentralization, privacy, choice, and higher incentives for nodes and token holders to create a fair and business-friendly blockchain ecosystem. They call for a new chapter in the history of blockchain that serves both community and companies effectively.
- Content Editor ( en.cryptonomist.ch )
- 2024-12-07
The future of blockchain is not Bitcoin