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by manholio 1317 days ago
The only revolutionary thing blockchains enable is decentralized electronic cash and financial assets, which are fundamentally bad ideas, and the reaction is justified.

Any other "blockchain" related innovation is just a solution in search of a problem with the real purpose of pumping some virtual asset and selling it off in volume to other speculators. Anything you claim can be done with blockchains (other than decentralized finance) can be more easily done with databases, PKI, hashtrees, ZKPs and other technologies that exist for decades, and that includes smart contracts and anonymous & decentralized communication.
1 comments
MarkPNeyer 1317 days ago
This is a first world perspective.

You clearly live with a political stable government you can trust not to steal from you or imprison you for engaging in political protests.

People in such places are using decentralized assets to protect themselves. What do you think they should do instead?

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manholio 1317 days ago
> What do you think they should do instead?

How about... they, and everybody else around the world, should work hard for good governance for all people of Earth?

It's simply obscene to claim that a speculative token peddled by SV venture capitalists could somehow magically solve things like disease, violence, corruption and lack of basic infrastructure keeping these nations down. It's so self serving and detached from developmental realities of poor countries - which I experienced fist hand in my life - that it makes my blood boil in disgust for the crypto bros.

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fsflover 1317 days ago
> How about... they, and everybody else around the world, should work hard for good governance for all people of Earth?

Easy to say. Try to go protesting in Iran now.

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