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Re:The Non-Innovation of Cryptocurrency by mattdesl on Thursday July 08, 2021 @08:37AM (#27771146)
I answered in other threads here, e.g.

https://news.ycombinator.com/item?id=27770605

Largely this question comes back to decentralization, trust, and a novel paradigm of digital ownership that is enabled by elliptic curve cryptography and blockchain tech.

The blockchain acts as a social consensus mechanism - we can all agree that "X public key owns Y unique token" - which is not the case with a centralized database record that can be mutated, or a file that can be easily copied/edited and shared.

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