| You are dismissing the examples for being too simple. They are simple because they are examples. My point is not that these three examples "solve all issues we have with Authority/Govt/BigFinance". Nor to prove that "Bitcoin Fixes this". My point is to show that crypto-currencies, by design, are programmable, and this allows a lot of use cases to move from Authority/Govt/BigFinance to DIY.
Not all cases, not everywhere, not for everyone. But in a spectrum. To clarify with your refutations: > Now my life savings are gone forever. Which is why you probably want "your life savings" in a secure, goverened, trusted environment. For many people Blockchain or DIY is out of the question for "my life savings". But that leaves a giant spectrum of other use-cases. From checking accounts to saving-for-a-friends-present. Use your imagination. > Then I have to trust that the blockchain can tell these people are alive You are dismissing a giant set of use-cases on one that will, indeed, probably never work.
I never mentioned that this the ultimate and only replacement for Deed. I deliberately did not, because I think this is a bad use-case for Blockchain for the reasons you mention and much more. But this could be a "here's some money for when you turn 18" or "bonuses for managers which can only get extracted after a year", a "tip jar that pays out every month" etc. My point was that trust is a spectrum, and not binary. Yet you take the most extreme outliers thinkable, refute those and then conclude that none of the cases in the broad spectrum can ever work. They can. And Blockchain is one of the tools. As are trust-funds, banks, payment-APIs, courts, notaries and so on. |