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Re:The blockchain is a threat to the distributed future of t... by natrius on Monday May 16, 2016 @04:36PM (#11709395)
Beyond ownership, an important class of use cases is promises. Without blockchains, it's hard to determine how well a potential trade partner follows through on their promises without a third party that maintains a reputation history. With blockchains, people can provide cryptographically signed promises that give their trade partner the ability to publish their satisfaction or lack thereof. You can retrieve a complete reputation history without a middleman, which is a brand new thing.

People are using blockchains for too many things, but that's healthy. It's the only way we can find all the things they're useful for.

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