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My reading of their comment: A piece of paper (or bit in a computer) means nothing if the person who wants to take your property puts a gun in your face. I thi
by bawolff 1y ago
My reading of their comment: A piece of paper (or bit in a computer) means nothing if the person who wants to take your property puts a gun in your face.
I think this is a problem with most blockchain solutions. They purport to replace existing societal controls, but depend on them to actual enforce anything. So you are left in the situation where either traditional solutions work so why bother with a blockchain, or traditional solutions aren't working, in which case the blockchain isn't worth the imaginary paper its written on. Either way, the blockchain solution is worthless.
Edit: i commented before i rtfa. Shameful i know. Appearently this is not a blockchain thing. I still think most of my comment applies.
- rockskon 1y agoCouldn't that argument be applied to just about anything? Policies that the powerful don't like can and do stay in place typically because of fait accompli - they waited too long to do anything about it and now it's too entrenched and changing it would be too difficult.