Re:Systems built on trust, norms, and institutions function ...
by jeremyjh on Friday April 06, 2018 @05:17PM
(#16777537)
This is a complete non-sequitor. The usefulness of blockchain is not assured because people have been skeptical of useful technology in the past. You must actually propose and defend an application of this technology. Otherwise you are offering my skepticism as evidence itself that blockchain will be useful. If that had merit we can go into business together: you propose a technology and patent it, and then I express skepticism and then - profits!
> A winner of the Nobel Prize in Economics, Paul Krugman wrote in 1998, “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”