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A comment on Systems built on trust, norms, and institutions function better than blockchain. Parent comment

Re:Systems built on trust, norms, and institutions function ... by Florin_Andrei on Friday April 06, 2018 @01:31PM (#16775228)
Money will continue on the path of virtualization and unversalization.

It was cows and jugs of honey at first. Then it was seashells. Then it was gold. Then it was printed paper. Then it was records in a database, but living isolated as local records.

It will become even more abstract and even more open, eventually. Whether that's the blockchain or something else, remains to be seen.

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Re:Systems built on trust, norms, and institutions function ... by bwoodring on Friday April 06, 2018 @01:57PM (#16775564)
Putting money on a blockchain is not inherently more abstract than keeping it in a bank's database.
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