5 ms·
The most important thing to understand about the blockchain is that it's a tool to facilitate social consensus. Once you get that, everything makes sense, from
by TigeriusKirk 5y ago
The most important thing to understand about the blockchain is that it's a tool to facilitate social consensus.
Once you get that, everything makes sense, from why bitcoin has value to the point of NFTs.
It's worth taking time to think about it until it at least makes sense what's happening, even if you don't choose to participate yourself.
- lupire 5y agoIt's equally important to understand that the biggest names in the system are mostly fraudsters. It's a natural consequence of a system whose primary purpose is to replace government with "law of the jungle". That's only useful to people who want to live outside the law, because they are either persecuted or predators. The law exists because it works for most people. If you disagree with that, and believe it's imposed by some cartel by force, the you need an answer for why your alternative system won't also be dominated by people who would assert their power by force.