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> Whatever we call it, we still need a use case for full trustless crypto. The reason you find many cryptographers skeptical of Blockchain as a major new techno
by sp527 9y ago
> Whatever we call it, we still need a use case for full trustless crypto. The reason you find many cryptographers skeptical of Blockchain as a major new technological framework (Internet 3.0!) is that many of us have tried to pitch and develop trustless business models before. And all of the use cases we had in mind have consistently been better served by more centralized, higher-trust alternatives. So we look at Blockchain with a feeling of “we’ve tried this before, and it’s not clear there’s anything sufficiently new to make users want this.”
Is there a reason this argument isn't getting wider airplay? Always felt the same way. Interesting to have it validated by someone who sounds like he's been around the block (pun intended).