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All these claims fundamentally require trust in some external party, at which point you no longer have trustless distributed consensus.
by andreareina 4y ago
All these claims fundamentally require trust in some external party, at which point you no longer have trustless distributed consensus.
- puranjay 4y agoAlso fair criticism. Further, even if they were to one day be widely adopted as membership tokens, coupons, or licenses, the underlying networks are still wildly overvalued. I also don’t like the idea of living in a world the crypto enthusiasts imagine. The world already feels overly financialized. If everything is “investable” and “fractionalized” and “tradable”, the level of financialization in the world will be nauseatingly high.