Re:A plan to rescue the Web from the Internet
by adventured on Monday December 18, 2017 @07:57PM
(#15956918)
> Turns out you don't need to, with distributed ledgers (Bitcoin, etc).
The distributed network is the middleman in fact. The entire thing doesn't function without that middleman. To get to the end result, you have to go through that network. It fits perfectly as a middleman concept.
The notion that crypto-currencies can exist without middlemen, couldn't be further from the truth. They're entirely built on and dependent upon middlemen. The distributed ledger is one of the greatest middleman technologies ever devised.
The distributed network is the middleman in fact. The entire thing doesn't function without that middleman. To get to the end result, you have to go through that network. It fits perfectly as a middleman concept.
The notion that crypto-currencies can exist without middlemen, couldn't be further from the truth. They're entirely built on and dependent upon middlemen. The distributed ledger is one of the greatest middleman technologies ever devised.