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I agree! Cryptocurrencies can be a useful tool if you have the right mindset. The trick is to think of them not as a means of replacing consensus, but a tool fo
by munificent 5y ago
I agree! Cryptocurrencies can be a useful tool if you have the right mindset. The trick is to think of them not as a means of replacing consensus, but a tool for achieving it.
Because once you have that mindset, then you can start thinking about how it compares with other consensus-making tools (like the state and banks), and you can think about hybrid models that combine those in interesting ways.
- intotheabyss 5y agoThere's a saying in the space that all cryptocurrencies are built on Layer 0 which is the social consensus layer. Bitcoin is only Bitcoin because everyone agrees on it.