[mintyDijon]

>How is a human institution in your mind "antithetical" to a technology?

It's not human institution vs technology, it's the very structure of central banking vs decentral banking. It's the concepts themselves that are antithetical.

-Edit I couldn't remember the word, but I believe the term that applies here is 'diametrically opposed'

[NikolaNovak]

But that's the unspoken assumption I'm talking about - that blockchain and decentralized banking are one and the same / that this is the only design use case for the technology. There are many people actively working in block chain space who do not believe these are identical concepts. They may yet win out long term.

[mintyDijon]

I'm not claiming that blockchain is a one use concept. Yes it can be used for other things then banking. I personally feel that NFTs are a great example of that, and that they hold many possibilities for the future.

But the main benefit that blockchain provides is a way to decentralize a network, it's quite inefficient from a performance standpoint. So to use it for anything other than that is a waste (at least currently). Centralized currencies are better than decentralized ones performance wise, and I don't predict that will change anytime in the near future.

To quote Eldenwrong's perfect comment here "You can use a rock as a spoon but that just makes you retarded"

Hense blockchain currencies (the ones that aren't scams ofc) are decentralized by their nature, since that's the only draw to using that method.

Because of the Pareto distribution this should fail at some point, but with the innumerable amount of new currencies coming into existence, that shouldn't be a problem.