Prodoggy17 karma2019-05-20 16:16:00 UTC
Well, Blockchain technology is new so there are many limitations and dangers to it, but so is the case with all the new tech which comes in.
A major limitation of the current implementation is how a user is expected to understand all the concepts associated to it, how to use it properly and the famous analogy of seed words, private keys. They got me scratching my head when I first began. I don't think it should be like this and see it as a major hurdle to adoption... especially in the current age where everything should (rightly) just work without expectations from users. From a tech / developer perspective, the coding feels quite weird, again because of the points outlined above.
The dangers of blockchain tech is mainly the way a smart contract is coded and executed. It has the capability of taking any middle man out and create a truly decentralized machine to machine economy but on the downside, a poorly written contract (or code) can never be changed so any bugs in it is disastrous. For the project as well as for the users as well, which unfortunately has happened more times than anyone acknowledges.
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Prodoggy16 karma2019-05-20 16:28:40 UTC
No... not really, but looking at the sub. I think we all should be :)
Prodoggy9 karma2019-05-20 16:24:31 UTC
haha... you are not completely wrong. We do like to spread awareness of our project but this is just us answering questions to the best of our abilities. We realized that our team comes from various spectrum of fields, age, talent and experience so thought it would be good to share it.
Our focus for the AMA would be to answer all questions sincerely since that usually is the best way to spread knowledge and have people know what you do...
Prodoggy6 karma2019-05-20 18:31:02 UTC
Alright, So let me describe it like this:
Hope this helps.
Prodoggy5 karma2019-05-20 18:03:33 UTC
Also, this is from /u/milvus
Look at the blockchain like an address book in a growing town. Every house has a copy of the address book and every time a new house is built the address book in every house is updated.
If a crook tries to edit the address book, the crooks address book won't match up with details held by the other houses and they will be caught.
In order to change the address book the crook would have to break into every house and change every single address book at the exact same time.
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