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What the crypto promoters continue to fail to understand is that ownership ultimately is enforced by the state and its laws, not by code. This will never change
by lern_too_spel 3y ago
What the crypto promoters continue to fail to understand is that ownership ultimately is enforced by the state and its laws, not by code. This will never change. Given that reality, centralized ledgers will always be cheaper for every use case than decentralized trustless ledgers.
- topranks 3y agoYeah. The centralized enforcers of the system may as well maintain the ledger themselves. Using a normal database at a fraction of the cost. If they want to be dishonest about things there is no decentralized magic tech that can prevent them doing so.