Blockchain Is Dangerous Nonsense

Re:Blockchain Is Dangerous Nonsense by cloutchaser on Thursday April 28, 2022 @05:14AM (#31190299)

Many of the people controlling the narrative have realised recently what a threat decentralisation is. They are pushing extremely hard to make everyone think this is some evil useless force that is only used for scamming people. It's the same way protecting the children is used by people in power to take away your privacy.

Blockchains and cryptos are innovative tools. They can be used for good and bad, but they are an interesting development.

It's really sad how many on HN have fallen for this black and white thinking.

[ Parent | on HN ]

Re:Blockchain Is Dangerous Nonsense by smt88 on Thursday April 28, 2022 @05:37AM (#31190482)

I am a huge proponent of decentralization. You could distill my philosophy down to this: the concentration of power into a single person is always dangerous. This is why I support democracies and breaking up monopolistic companies, among other things.

I have also spent years trying to figure out a use-case for blockchain that is not solved by some other technology with less risk, and I can't figure one out.

[ Parent | on HN ]

Re:Blockchain Is Dangerous Nonsense by tsimionescu on Thursday April 28, 2022 @06:41AM (#31190931)

Decentralization does not require bitcoin. There are trust-based decentralized payment networks much older than the transistor. These could be digitized as well, but computing circles have relatively little interest in decentralization+trust.

[ Parent | on HN ]