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It’s a defense against authoritarianism, concentrations of power, and abuse of that power. Blockchains are early implementations of distributed authority.
by trevyn 5y ago
It’s a defense against authoritarianism, concentrations of power, and abuse of that power. Blockchains are early implementations of distributed authority.
- edent 5y agoAnd yet nearly all of them gravitate to "big" exchanges. And most normal people want the security of knowing that a fraudulent transaction can be reversed.
- trevyn 5y agoAny technology or way of thinking is part of a series of overlapping S-curves in time (https://pratt.duke.edu/sites/pratt.duke.edu/files/Layered%20s-curves.jpg https://pratt.duke.edu/sites/pratt.duke.edu/files/Layered%20...), during which the majority switch from one dominant regime to another; some technologies are on their ascent, some ways of thinking are near their peak and will soon decline. If you can see through the hype, blockchains distributed across jurisdictions and organizations really do solve real problems for real people. Denying that is only putting blinders on. Maybe you don’t have those problems yet, maybe normal people don’t have those problems yet. That’s great, but it’s a snapshot in time; it doesn’t say anything about the dynamics of the systems involved, or what people will want in the future, or how and why that might change. This is especially important to keep in mind when reading the prognostications of a futurist like Kevin Kelly.