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That's because on HN we know that 99% of the blockchain hype is about people discovering asymmetric cryptography and pretending that the blockchain is the only
by diegocg 5y ago
That's because on HN we know that 99% of the blockchain hype is about people discovering asymmetric cryptography and pretending that the blockchain is the only way to use it.
The only real difference that blockchain solutions bring is decentralisation. I have to yet hear one single argument about why decentralisation is good. So far I have only heard the typical libertarianesque arguments about states, banks and inflation. As as I'm concerned, decentralisation is unnecessary and so are blockchain.
- seibelj 5y agoWell I’m a libertarian and an Austrian economics / hard money enthusiast so I grant that my love of crypto is influenced by my politics. If you are a statist that loves government authority, its benefits will be be drawbacks as decentralized money is an obvious attack on state power. The power of decentralization is to reduce the power of centralized entities. Even within decentralized networks, centralized nodes (companies) gain power. But in decentralized networks you can choose alternatives. In state-run networks, your only option is the state as guns prevent competitors. I like free markers / free minds / private wealth / private power.
- idlewords 5y agoOrganized criminal activity is a powerful centralizing force that is always ignored in these discussions.