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A comment on 100 years of whatever this will be. Parent comment

Re:100 years of whatever this will be by dcow on Thursday December 02, 2021 @04:00PM (#29422480)
I truly don’t think DeFi is, at its heart, anti-regulation. I do think a lot of early proponents are armchair anarchists, but that’s just the scene. I think it’s anti corruption/abuse of power by institutions too large to fail—often due to lack of meaningful regulatory political power, across the board. (You’ll probably easily find people playing with web3 dns also advocating for personal data regulations, for example.)

No, software can’t fix all of the institutional and political problems, but it can present a more efficient modern system that helps generate the political clout people will need on the battlefield. We have systemic problems and no they’re not all going to go away with better software. But we need catalysts that motivate people, win hearts, and pierce through the apathetic menagerie.

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Re:100 years of whatever this will be by supernovae on Thursday December 02, 2021 @05:40PM (#29423832)
Today there was a crypto hack that cost over 110 million because the website's cloudflare key was hacked/leaked apparently.

With 0 regulation and no recourse built into crypto, one poor soul lost 50.8 million in 900 bitcoins.

You're not going to replace people problems with tech. Period.

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Re:100 years of whatever this will be by dcow on Thursday December 02, 2021 @11:06PM (#29426510)
Right, so wouldn't it be nice if they were using an L2 sub-chain (a bank) that rolled up transactions so that this transaction could have been flagged and rejected. The need for these intermediaries to help the general public not get fucked is clear. The existing tech just kinda sucks. There's a world where the root chain is objective and transparent and distributed but where for most any practical application people interface with the chain at layer 2 and subject to any sort of social restraints and regulations they want to put in place.
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Re:100 years of whatever this will be by knownjorbist on Friday December 03, 2021 @12:31AM (#29426929)
For tall the clamoring about the issues with Big Tech or Big Government, some HNers seem all too willing to sign over essentially everything important just because it's more convenient when those powers have a backdoor to right wrongs.
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Re:100 years of whatever this will be by walterbell on Thursday December 02, 2021 @05:57PM (#29424027)
> You're not going to replace people problems with tech. Period.

Sadly, there will always be people who benefit from misattribution of a people problem to tech.

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Re:100 years of whatever this will be by __MatrixMan__ on Friday December 03, 2021 @06:24PM (#29436925)
Never say never. Whatever human problems remain after there are no more humans will probably become tech problems.
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