4 ms·

Sure, the argument made by crypto people is that is a transitional condition and in a few decades society at large will in general consider information on block

by gfodor 5y ago

Sure, the argument made by crypto people is that is a transitional condition and in a few decades society at large will in general consider information on blockchains (or their descendants) as authoritative in many situations.

woodruffw 5y ago
Sure, I can understand the vision. I guess the more salient "why?" question is the one that still feels lacking to me. Current easy money aside, it's not clear why society as a whole would be willing to cast aside the last 250 years of physical ownership and financial infrastructure in exchange for digital ownership(?) and immutable ledgers with irrecoverable error conditions.
- gfodor 5y ago
  Possibly last man standing phenomenon after a few decades of turmoil unwinding present day nation states.
  - Nasrudith 5y ago
    Sounds like the same fallacy as preppers getting ripped off buying Krugerrands at a premium to keep value safe after a complete collapse of all civilization. When it is like putting platforms on the boughs of a tree to stay safe when the trunk is cut and felled. It fundamentally misunderstands the order of dependencies.
    - gfodor 5y ago
      I think that’s actually it’s own fallacy: presuming that one can predict the dependencies and survivorship of various elements of society in a scenario where one or two larger ones go through a disruptive transition. This is a contradiction in many cases, because if you could know how such a disruption was actually going to play out, it would be unlikely to actually happen. If our kids are growing up in a world that is fundamentally different than ours in terms of sovereignty, it is very hard to know what the side effects of that transition will be. You’re presuming a scenario where the structure of government changes is the same as a civilizational collapse. That’s not a given.

4 ms·

Sure, the argument made by crypto people is that is a transitional condition and in a few decades society at large will in general consider information on block

by gfodor 5y ago

woodruffw 5y ago
Sure, I can understand the vision. I guess the more salient "why?" question is the one that still feels lacking to me. Current easy money aside, it's not clear why society as a whole would be willing to cast aside the last 250 years of physical ownership and financial infrastructure in exchange for digital ownership(?) and immutable ledgers with irrecoverable error conditions.
- gfodor 5y ago
  Possibly last man standing phenomenon after a few decades of turmoil unwinding present day nation states.
  - Nasrudith 5y ago
    Sounds like the same fallacy as preppers getting ripped off buying Krugerrands at a premium to keep value safe after a complete collapse of all civilization. When it is like putting platforms on the boughs of a tree to stay safe when the trunk is cut and felled. It fundamentally misunderstands the order of dependencies.
    - gfodor 5y ago
      I think that’s actually it’s own fallacy: presuming that one can predict the dependencies and survivorship of various elements of society in a scenario where one or two larger ones go through a disruptive transition. This is a contradiction in many cases, because if you could know how such a disruption was actually going to play out, it would be unlikely to actually happen. If our kids are growing up in a world that is fundamentally different than ours in terms of sovereignty, it is very hard to know what the side effects of that transition will be. You’re presuming a scenario where the structure of government changes is the same as a civilizational collapse. That’s not a given.