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It’s snake oil that is effective to a degree only so that it can be even more effective at convincing others to buy it. Nobody is going to circumvent the power
by lootsauce 5y ago
It’s snake oil that is effective to a degree only so that it can be even more effective at convincing others to buy it.
Nobody is going to circumvent the power of government. I can show you proof that you don’t need to pay income tax, but I also promise you that you will go to jail eventually for doing so.
Extraordinary popular delusions take on a life of their own. They reflect the zeitgeist of the time.
Bitcoin is the savior so many tech enthused idealists can believe in, but if it supplants anything it will be legitimated and used by those already running the show.
- jfengel 5y agoBlockchain doesn't have to mean cryptocurrency. It could be any time when you want to have a highly distributed but zero-trust database. Mind you, currency would be the poster boy for that use case, and it doesn't seem to be very good at that. All of the other potential applications seem even less compelling. But it's at least good to know that the distinction between blockchain and cryptocurrency exists.