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But why is Bitcoin or Blockchain a prerequisite to scarcity? Can you not use any other technological method? why do you need consensus validation for validatin
by drdrek 4y ago
But why is Bitcoin or Blockchain a prerequisite to scarcity?
Can you not use any other technological method? why do you need consensus validation for validating scarcity? (Spoiler, you don't) And if you want consensus validation why do you need blockchains? (Spoiler, you don't)
Its always the "What" about Cryto, never the "Why".
Can Bitcoin be useful for something? Yeah, maybe, I guess. Is it Digital Scarcity? Probably not.
- jqpabc123 4y agoBlockchain is just a novel, decentralized accounting method. Interesting --- but definitely not required. How the accounting is done is really just an arbitrary background aspect of a functioning currency. Don't take my word for it --- just ask any crypto scammer who doesn't know or care about the technical details of blockchain.