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What does blockchain have to do with literally anything pertaining to this article.
by trident5000 6y ago
What does blockchain have to do with literally anything pertaining to this article.
- throwaway29303 6y agoI think they're referring to this: https://news.ycombinator.com/item?id=26802874 https://news.ycombinator.com/item?id=26802874
- trident5000 6y agoBtc is a store of value more than a payment rail and others like monero or even the lightning network can be anonymous.
- mustafa_pasi 6y agoThe whole crypto space is about replacing trust-based systems with trust-less systems.
- trident5000 6y agoWho cares? Completing a trustless transaction is not parallel to someone tracking your physical location.
- TeMPOraL 6y agoLook past the surface of Bitcoin payments, and at the greater space of technologies around blockchains and cryptocurrencies. The core idea they are all based on is that you can provide mathematically provable distributed consensus if you're willing to jump through enough hoops. That you can build systems that can achieve and enforce agreements without any need to trust the participants. All you need is to trade enough electricity for it. And so the whole crypto space is currently trying to refactor every single aspect of our society to eliminate the need for trusting other people. The problem is, they're looking at it from the wrong end. The right way of looking at it is, interpersonal trust is a huge performance optimization. It's what allows societies to exist and cooperate without jumping through hoops or burning more electricity than a developed country just to send small amounts of money around. What the crypto space is explicitly trying to do is to eliminate the most important feature of our civilization.