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Because you can use a central authority (ie, company, any organization really). "Distributed computing" doesn't mean no central authority. With a central author
by danielmarkbruce 4y ago
Because you can use a central authority (ie, company, any organization really). "Distributed computing" doesn't mean no central authority. With a central authority it's easier to build and has lower transaction costs.
If someone has a bank account, they can get paid, in your scheme. They don't need a credit card.
- latchkey 4y agoSorry, that doesn't answer my question at all.
- danielmarkbruce 4y agoThen re-state it clearly and I'll do my best. I thought I was answering "why" crypto doesn't help decentralized computing. The other thing (no cc) isn't related to decentralized computing. It's a payments system problem. You can make a case that crypto is helping, but conflating it with decentralized computing just muddies the waters.