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You are forgetting the most important cryptocurrency rule: all this works as long as it's all on-chain and real world is not involved. No amount of smart contr
by theamk 2y ago
You are forgetting the most important cryptocurrency rule: all this works as long as it's all on-chain and real world is not involved.
No amount of smart contracts or bitcoin magic can prevent me from taking someone's work (say by web scraping), stripping all attribution of original author, putting it on my server, charging people for it, and pocketing all the money.
- __MatrixMan__ 2y agoWell duh, blockchains are for accounting. All they save you from is untrustworthy or overpriced accountants. The rest of the humans are still in the loop being potentially untrustworthy. As with all accounting, participation of others is needed for it to be meaningful. It's no more of a fairy tale than intellectual property is in the first place, or money for that matter.