4 ms·
As we've learned from the "They've stolen my apes" scenarios, the very nature of blockchain as the central authority of trust means that there is no such thing
by deanCommie 4y ago
As we've learned from the "They've stolen my apes" scenarios, the very nature of blockchain as the central authority of trust means that there is no such thing as theft on the blockchain.
Today, corrupt powerful people use violence and intimidation to go move physical markers to change landownership.
If land ownership was on the blockchain, the same corrupt powerful people will use violence and intimidation to force digital transfer of ownership.
The same threats to the safety and wellbeing of family members works equally well to induce the desired actions in the physical word or the digital one.
This is why Tim wrote to be wary of technical solutions for political problems.
- EFreethought 4y agoAlso: Couldn't the wealthy and the powerful influence the creation of the blockchain and the first data set put on the blockchain as well?
- brabel 4y agoI imagine the rich, corrupt land lords in India would be able to steal your land even easier on the blokchain by sending a gang of armed bandits to your farm, torture you until you transfer everything to their wallet... and when you go to the police to denounce the harassment, you get arrested because the police is on the land lord's pocket. The blockchain cannot and will not stop violence in the real world from working around all the cryptography in the world, and it's shocking to me that anyone actually believes that to be somehow the case.