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by 100001_100011 1316 days ago
I read the parent's post.

"No blockchain can ever guarantee there's any visibility or accountability."

Ever? Any? Clearly this sentence is false. It takes only one counterexample to prove it.

Here's the counterexample. If someday all the world's money are on a single blockchain and there are no banks, the blockchain guarantees visibility and possibly accountability.

Do you see the meaning of ever now?

Please don't be gratuitously negative. It's to your benefit to be precise. You sell yourself short when you cut off possibilities.

1 comments

>Here's the counterexample. If someday all the world's money are on a single blockchain and there are no banks, the blockchain guarantees visibility and possibly accountability.

Fine. Let's agree to two premises:

1. all the world's money are on a single blockchain

2. there are no banks

Your conclusion, doesn't necessarily follow!

The problem is I can still contract rights to the blockchain outside of the blockchain, e.g. where on the blockchain did it track FTX's cross collateralization? That's not visible unless I express my right somewhere in the public record.

This scenario (and others) underly the broad point made by the parent.

As far your ad hominem on negativity, I have no idea what you're referring to.