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> the purpose of Blockchain is to avoid regulation Citation needed. I use Blockchain as resilient storage for the accounting of a scarce digital asset.

• mwigdahl 5y ago
  How about https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf? Right in the introduction: "What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party." "Trusted third party" includes regulators, among a wider array of other institutions.
  • vmception 5y ago
    It still functions that way Permissionless means they can operate just as much as anyone else, nobody relies on them
  • danuker 5y ago
    Well, I haven't thought about it that way. I was thinking banks and their >€30 fees for international wires. I guess some people use it for the resistance to regulation (un-freeze-able accounts), others for speculation (like me). Then again, with what is going on in Canada, I am starting to see the risk that the "trusted third party" betrays that trust.