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The way that blockchain tech is implemented, in many cases, does suck. But an immutable, distributed, permissionless public ledger system enables technology tha
by K0balt 5y ago
The way that blockchain tech is implemented, in many cases, does suck. But an immutable, distributed, permissionless public ledger system enables technology that can eliminate the need for many frictions and cost centers, reducing a host of parasitic costs is worth perusing. Blockchain can reduce or eliminate costs associated with enforcement, state sponsored violence and more, replacing them with a monetary system that can automatically enact taxation, insurance, social welfare and more without extraction of value, and without the possibility of corruption.