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by mouzogu
1010 days ago
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> It's a technology. cryptocurrency is hated because it turns every action into a transaction. a system with mistrust as its core principle. where the enablement of scamming masquerades as freedom. basically thousands of incompatible pay-to-play messaging protocols all imbued with some pretty dark zero-sum incentives and fancy jargon |
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So it's a market. Like double entry bookkeeping. Are you similarly triggered by NASDAQ or Quickbooks or point of sale systems that use Postgres instead of a blockchain?
> its basically a pay-to-play messaging protocol with fancy jargon.
It's a fee based messaging protocol with a demand based pricing mechanic for limited block space. All messaging protocols are pay-to-play. Someone is paying for it and whatever infrastructure it runs on, even if it's free for you (via ads, spyware, etc). Only difference with a blockchain is that the infrastructure costs and fees are transparent, and it avoids dependency on a central actor.