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Yes, even I'm sympathetic to the anti-regulatory uses of cryptocurrency(donating to Wikileaks or safely buying drugs), but I haven't really seen a use case for
by wz1000 8y ago
Yes, even I'm sympathetic to the anti-regulatory uses of cryptocurrency(donating to Wikileaks or safely buying drugs), but I haven't really seen a use case for blockchains or cryptocurrencies outside of these.
From what I can see, blockchains can only be used to keep track of digital or network resources, that can be transferred and validated on the network itself. So you can track stuff like Zorgbucks or DNS addresses on the ledger, but you run into serious problems when you need to keep track of meatspace resources. The local governing authorities don't give a shit about who your blockchain says owns this toothbrush or this plot of land. The only way to track and enforce transfer of this kind of stuff is if you create a fleet of Robocops to go along with your blockchain.
- hndamien 8y agoNeither of you have experienced warrantless freezing of assets of theft of money by your financial institution. If you had, you would understand why it might be important to preserve this control, even as a law abiding citizen.
- schoen 8y agoI didn't mean to endorse Weaver's views, only to summarize them.