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by darawk
2757 days ago
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Yep, i've been trying to explain this to people on here for quite a while now. This is correct. Blockchains allow data and co-operation to be domiciled nowhere, which allows competitive actors to agree and co-operate. It also enables otherwise untrusted actors to make trustable claims, bypassing the gatekeepers that would otherwise have mediated those claims. One tangible example is ICOs bypassing not just regulators, but banks and the financial industry that would normally have had to underwrite them. Obviously this particular example has some serious kinks to work out, but the ability to bypass the corporate gatekeepers (not so much the regulators) has value, I think. |
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