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The only proven use of blockchain is to transfer value from one person to another over the internet without relying on a central bank account. Doesn’t that vali
by reidjs 8y ago
The only proven use of blockchain is to transfer value from one person to another over the internet without relying on a central bank account. Doesn’t that validate the tech to some degree?
- wpietri 8y agoNot to me, as that's not an actual user need. Legitimate money transfer needs are things like, "send money to my cousin back home" or "buy a thing". Despite Bitcoin being around for a decade, it has made approximately zero inroads into those markets. I'll grant Bitcoin has some utility for light crime, like buying drugs or evading capital controls. And it's the technology of choice for ransomware and some kinds of electronic fraud. (It's bad for serious crime as it leaves too much of an audit trail.) But I don't think crime is a very good domain for running real businesses, so that doesn't count for me either.