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by doedoedoedoe
1600 days ago
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This strikes me as a pretty bizarre argument, like a reverse slippery-slope fallacy, and I've heard it repeated by advocates. You are staying that yes, the technology is awful and scam ridden, but maybe sometime in the future in some way no one can think of it will be ok. This is obviously not a meaningful argument. In regards to censorship, trust, and any other perceived benefit of blockchain technology for applications, those benefits rely solely on the organization that controls the application - ultimately landing users in the exact same space. Blockchain is hailed as a way to build decentralized applications without any regard to the fact that those applications would still need to be built by a central organization. The final note that advocates seem to profess as some great proof of why blockchain is ok is that other systems are flawed, as if proving that some other system is flawed is proof that it's ok for their system to be a sesspool of fraud and waste. |
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The technology is perfectly legitimate and mostly not awful as long as you stick to big reputable projects such as Bitcoin, Bitcoin Cash, Ethereum, Monero, Litecoin and others who have been on the market for a long time with a proven track record.
> In regards to censorship, trust, and any other perceived benefit of blockchain technology for applications
These are not "perceived" benefits, they are in fact benefits.
Monero represents digital, anonymous, fungible, untraceable, censorship-resistant cash, the same properties that real world cash provides. It can be transacted worldwide with extremely low transaction fees.
> those benefits rely solely on the organization that controls the application - ultimately landing users in the exact same space
Who is the organization that "controls" the "application"? As cliche as it is, "code is law".
> as if proving that some other system is flawed is proof that it's ok for their system to be a sesspool of fraud and waste
You may not like crypto, but it does have use cases that people in the real world are relying on and find useful. The crypto space indeed has many scam projects, but not every project is a scam. That's just the nature of open source software - people will copy an idea and use it for their own personal gain if it proves to be profitable.
There are so many things that are far less useful and far more wasteful than cryptocurrency. I could start taking this argument seriously if we first ban all addictive social media platforms, the whole adtech industry, gas-guzzling trucks and so on.