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> still looking for a problem to solve The Satoshi protocol is about creating a mechanism to achieve distributed, trustless consensus. Plenty of applications f
by smokey_circles 4y ago
> still looking for a problem to solve
The Satoshi protocol is about creating a mechanism to achieve distributed, trustless consensus. Plenty of applications for such a platform.
Whether it's achieving that goal is a separate debate (so far it has managed to establish itself as a crazy high risk forex medium that's only slightly less unwieldy than FIX) and I'm not convinced anyone in the builder space has even a vague understanding of the problems crypto has to overcome to be _practical_, let alone replace _the entire global financial system_.
Call me a pessimist but it's not gonna happen without violent revolution (and let's not please).
But we can stop saying vacuous things like "cryptography doesn't have a problem to solve", it's clearly always been about replacing trust with verification. Que KGB expression.
- jqpabc123 4y agoThe Satoshi protocol is about creating a mechanism to achieve distributed, trustless consensus. Plenty of applications for such a platform. Name one that can't be achieved easier, faster and more efficiently by other means?
- babypuncher 4y agoI was talking about cryptocurrency specifically. Though I do not think any argument against blockchains can be so easily reduced to an argument against cryptography in general.