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by MauranKilom 1513 days ago
Not sure if that fallacy applies, given that we have found ways to combat scams, fraud, etc. with the existing solutions (which are also not perfect, but at least make an attempt to cater to the fallibility of humans). In that regard, blockchain is a step backwards.

Whether "do not require trust in a centralized authority" (with caveats regarding the protocol itself set aside) is more important than "useful for humans conducting human business" (without extra layers that re-introduce centralized authority) is up to everyone to decide themselves.