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But do we even need a distributed ledger? Centralized ledgers are easy to maintain in the modern world, and don't require much human energy (or compute energy)

But do we even need a distributed ledger? Centralized ledgers are easy to maintain in the modern world, and don't require much human energy (or compute energy) to maintain. It is why transaction costs are generally extremely low. Blockchain transactions on the other hand are astronomically expensive and slow. The value of a distributed ledger derives solely from paranoia of a central authority, despite there being little evidence for said paranoia.

Terretta 6y ago
On the contrary, the power of distributed ledger is akin to the power of federation instead of centralization vs. decentralization. It’s a proverbial third way.
- worik 6y ago
  No it is not. The solution you are looking for is transparency. Perhaps the only thing I like about crypto as money (well Bitcoin) is the that every transaction can be traced back to the transactor (think about that buying and selling drugs). Speaking as Finance Nerd I think all finance should be that transparent. There is no room for privacy in financial matters. But that is one aspect of crypto money that is being deprecated by the people who invent it