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The main benefits of blockchain are: decentralized, permissionless, censorship resistant. Money and finance are the strongest applications where these properti
by scottiebarnes 3y ago
The main benefits of blockchain are: decentralized, permissionless, censorship resistant.
Money and finance are the strongest applications where these properties benefit most.
Writing and reading transactions on blockchains is a clunky UX, but worth learning if you want to secure/transmit a billion dollars through cyberspace with no intermediaries or authority saying you can't.
Experimentation and high rates of failure is the nature of software on new platforms. So many websites, apps, games, etc. created for computers will utterly fail, but the ones that succeed end up defining generations (Minecraft, Excel, Google)
- Valgrim 3y agoThat's absolute bullshit. Even if you can technically secure or transmit a billion dollar using crypto, if it is illegal in your jurisdiction, using crypto doesn't make it less illegal. There's probably less chance for you to get caught, but there's no difference between that and other 'normal' ways of avoiding taxation.
- scottiebarnes 3y agoI never mentioned anything about avoiding taxation or legality. But if you're wondering about examples at that scale, nation states, central banks, etc. routinely handle that kind of volume.
- smoldesu 3y agoBearing that in mind, which part of OP's comment is "absolute bullshit" again?