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> The sole purpose of blockchain is to prevent double spending without a trusted party I would add that in nearly all cases it is totally reasonable to have a
by jl6 5y ago
> The sole purpose of blockchain is to prevent double spending without a trusted party
I would add that in nearly all cases it is totally reasonable to have a trusted party, and therefore that the value of the blockchain collapses down to a very, very small number of use cases (the ones that we all know about - fraud, extortion, money laundering, tax avoidance).
- pirate787 5y agoTo be fair, also asset transfer out of authoritarian monetary regimes.
- deebosong 5y agoIf I may inquire... could there be a better way to do this that's not blockchain tech? It's a noble cause, for sure. Like, viscerally most people will automatically agree with this cause. But to prop up the entirety of cryptocurrency's shortcomings for this one thing... seems like.. it would make more sense... to just make a product/ technology that simply addresses this one use case that everyone by and large agrees is a good thing... nah?