News for hackers. Stuff that matters.

A comment on It’s not still the early days of blockchain. Parent comment

Re:It’s not still the early days of blockchain by jerf on Saturday January 15, 2022 @11:11AM (#29947465)
The reason why lawyers and middlemen are required is not because authority is too centralized into the relevant governing bodies. They're there for lots and lots of other reasons that blockchain can't help with.
[ Parent | on HN ]
Re:It’s not still the early days of blockchain by telxosser on Saturday January 15, 2022 @11:34AM (#29947696)
Exactly. It is always the same naive and not well thought out argument for this stuff.

As if laws and regulations just came about by a random process for no reason.

[ Parent | on HN ]
Re:It’s not still the early days of blockchain by kikimora on Saturday January 15, 2022 @11:19AM (#29947548)
The only reason why we have trusted middleman is because before bitcoin there was no scalable solution to Byzantine generals problem. Now we have it. Whenever this solution is better than having a central entity appointing middleman is remains to be seen.

Blockchains can reduce number of middleman we have to deal with. The open question is at what cost.

[ Parent | on HN ]