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by remeq
1864 days ago
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I agree with you that the only interesting aspect of blockchain is decentralized trust. But decentralized trust is a big thing. It is actually such a massive thing and people will sooner or later realize that. The magnitude of this thing is actually on a level of invention of democracy in social systems. It will change everything. And the application of decentralized trust (read - institution-less systems) goes far beyond decentralized finance. If we look at the tendency of every single centralized system or organization to end up being either sub-optimal or evil or screwing individual we really have to ask whether there isn't a better way. Consider evolution of centralized political powers, dictatorships etc., consider evolution of big tech companies like google or facebook, consider evolution of big products. If blockchain provides decentralized trust this can be used for almost evertyhing. And it doesn't really mean that you will run your trustless version of AWS directly on blockchain. For many applications the blockchain is there for trust and system of economy incentives for the actors in the systems (as these two things go hand by hand). The blockchain is not there to do the "business logic" |
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