Tuesday 5 June 2018

Wozniak also said something far more important, pertinent and worth reiterating


When asked about altcoins, he rightly pointed out that ALL altcoins compromise on the quiddity of blockchain, trustlessness and decentralization, to have a business model. That's exactly what altcoins are, a business, a scammy business.Any ledger which does not practice permissionless, decentralized book-keeping is not immutable, not trustless and is effectively the same old GAFA gang(Google, Amazon, Facebook, Apple) under the pretext of 'blockchain technology'.Next time you see a 'blockchain project' with C-suites, just say, "No, thank you!" via /r/Bitcoin http://bit.ly/2syUXf8

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