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Laws change (get broken) when establishd consensus shifts (hey everyone: women should also have the right to vote!!). Crypto/Blockchain doesn't going to change

by dorgo 9y ago

Laws change (get broken) when establishd consensus shifts (hey everyone: women should also have the right to vote!!). Crypto/Blockchain doesn't going to change how consensus works (nor is it supposed to). It's just the digitalisation of laws/currency etc. Edit: But Crypto/Blockchain allows you to opt out of laws/currency without physically leaving the country.

dragontamer 9y ago
> But Crypto/Blockchain allows you to opt out of laws/currency without physically leaving the country. As do clubs, corporations, and "Roberts Rules". People have been making secret societies and private laws since the mid 1850s. That's a long solved problem. Chuck-E-Cheese tokens, Disney Resort Meal Points, and hell, even credit card money is "made up money" to some extent. For example of all the above: https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op The thing is, people need to understand the laws for them to be useful. You can't just "outsource" the rules to the blockchain. My point is that the currently established social structure behind these cryptocommunities is horribly defined right now. Its pretty much structured around trusting a few developers. The key for success is a true governance body. Blockchain doesn't solve the hard problem at all. (Case in point: should Ethereum hardfork right now, or wait for Proof of Stake? GPU miners want a hardfork ASAP due to the ASIC miners incomming, but the rest of the community doesn't want unnecessary hardforks. Finally, the ASIC-investors definitely don't want a hard fork.) Someone needs to make a decision, and a group of people will lose out. Probably the ASIC guys / Bitmain based on the current political environment. But then it all begs the question: if everyone is centralizing trust in the developers, then what the hell is the point of the blockchain? Its no different than trusting the rules of the Capitol Hill Babysitting Co-op and their fake monopoly money (erm... babysitting "scrip")

by dorgo 9y ago

dragontamer 9y ago

> But Crypto/Blockchain allows you to opt out of laws/currency without physically leaving the country. As do clubs, corporations, and "Roberts Rules". People have been making secret societies and private laws since the mid 1850s. That's a long solved problem. Chuck-E-Cheese tokens, Disney Resort Meal Points, and hell, even credit card money is "made up money" to some extent. For example of all the above: https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op https://en.wikipedia.org/wiki/Capitol_Hill_Babysitting_Co-op The thing is, people need to understand the laws for them to be useful. You can't just "outsource" the rules to the blockchain. My point is that the currently established social structure behind these cryptocommunities is horribly defined right now. Its pretty much structured around trusting a few developers. The key for success is a true governance body. Blockchain doesn't solve the hard problem at all. (Case in point: should Ethereum hardfork right now, or wait for Proof of Stake? GPU miners want a hardfork ASAP due to the ASIC miners incomming, but the rest of the community doesn't want unnecessary hardforks. Finally, the ASIC-investors definitely don't want a hard fork.) Someone needs to make a decision, and a group of people will lose out. Probably the ASIC guys / Bitmain based on the current political environment. But then it all begs the question: if everyone is centralizing trust in the developers, then what the hell is the point of the blockchain? Its no different than trusting the rules of the Capitol Hill Babysitting Co-op and their fake monopoly money (erm... babysitting "scrip")