[blowski]

"In theory" is an important caveat there. .

Downsides:

* Higher risk - a bigger database to attack.

* A very big single point of failure

* Slows down innovation

* Less private

Upsides (for society):

* ???

[zethraeus]

There’s a pretty good argument for functional monopolies facilitating innovation! We like our transistors and all that.

[blowski]

Transistors were originally invented during WW2. Reductio ad absurdum - we should have one big state monopoly controlling everything in the interests of permanent warfare.

[Y_Y]

The vacuum tube transistor was invented in 1907 by Forest, the modern solid-state transistor in 1947 by Bardeen and Brattain.

[hoseja]

That does feel like pretty much what is happening.