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I mean the question is if the complexity is needless. Blockchain generally forces some level of standardization or there will be rejection, as well as being in
by lmpostor 8y ago
I mean the question is if the complexity is needless.
Blockchain generally forces some level of standardization or there will be rejection, as well as being incredibly easy to audit.
In a well functioning system, there is little benefit, but I would say that a blockchain based system elevates the floor of a functioning system due to its nature.
- njarboe 8y agoAs you stated, blockchains can be quite useful in a low trust environment. Thus currently most of its use cases are by criminals or transactions that can't be easily adjudicated, like international money transfers. I hope that the cryptocurrency craze is more just a standard get-rich-quick ponzi scheme in action than a sign that the West's hard won high trust culture is changing to a low trust one.