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by caminante 1316 days ago
>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.