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by the_snooze 2825 days ago
>It's a potentially revolutionary technology (trust-less, decentralized, nearly tamper proof, etc) that hasn't yet found a killer app(s) at scale

I'd argue it has: cryptocurrency and all the criminal enterprises it supports (e.g., ransomware). If you're willing to enter legally-enforceable contracts with other parties, then "trustless" and "decentralized" don't matter all that much to you.

1 comments

Ok, but counterpoint is obvious. Are there people using blockchain for illicit purposes? Yes. And also water is wet. There are also many people using cash for illicit purposes.

And of course, you can always include as many people in your transactions as possible but what blockchain does is to make those people unnecessary. Why is this important? Because it enables micro-transactions and credit-less agreements. A blockchain provide options that fiat-based systems can never provide.