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A comment on It's Not Just a Bitcoin Bubble – It's Far Worse. Parent comment

Re:It's Not Just a Bitcoin Bubble – It's Far Worse by jancsika on Thursday December 07, 2017 @01:10AM (#15868000)
It's a global store of data that synchronizes using a global random number generator.

Compare this:

"Let's all meet on avenue A at noon to protest the panopticon."

to this:

"If some function applied to block 1234 reduces to zero, let's meet at avenue A at noon, or else let's meet at avenue B at noon."

By using a blockchain you just increased the number of barricades that must be constructed from 1 to 2.

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Re:It's Not Just a Bitcoin Bubble – It's Far Worse by programmarchy on Thursday December 07, 2017 @01:18AM (#15868051)
But nobody has an incentive to mine the chain unless there is a reward. Hence, the value proposition of Bitcoin. The genius of the design lies in the incentive structure, not just the blockchain.
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