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> these distributed networks are novel and interesting They were interesting when the bitcoin paper was released. Then people (outside of the cult) realized t
by floatboth 8y ago
> these distributed networks are novel and interesting
They were interesting when the bitcoin paper was released.
Then people (outside of the cult) realized that you Do Not Need A Trustless System. Society is built on trust. Wasting ENORMOUS amounts of power just to replace a few trusted entities with 51% of the network is a horrible idea.
https://www.youtube.com/watch?v=xCHab0dNnj4 https://www.youtube.com/watch?v=xCHab0dNnj4
- hnisgroupthink 8y agoDoesn't prevent bad actors. See various banker scams. Codifying rules helps prevent bad actors.