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I see a lot of promise in distributed Turing Complete blockchains like Ethereum giving a nonproprietary and decentralized alternative to centralized services. T
by aminok 10y ago
I see a lot of promise in distributed Turing Complete blockchains like Ethereum giving a nonproprietary and decentralized alternative to centralized services. There is a positive feedback loop where the more smart contracts are uploaded to the blockchain, the more useful it becomes, and the more people upload their programs to it to utilize that functionality. All of these smart contracts necessarily make their code accessible to the public, in being hosted on a public blockchain, and are copyleft, since there's no way enforce IP law on their use.
It could conceivably neutralize the forces that enable big government and big business.