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Re:In defense of cryptocurrency by dmitriid on Friday June 10, 2022 @01:37PM (#31697150)
> You are vastly over-estimating the scale at which local government operates

You, and every other crypto bro vastly underestimates the scale at which local government operates. And the scale here means not "number of transactions per second", but "number of edge cases that need to be handled on a daily basis."

Some time ago I was in a conversation about how blockchain is going to solve everything around property registrations. Blockchain is just a slow distributed database that solves jack shit on its own, of course.

Here are some simple examples that land registries have to deal with: https://news.ycombinator.com/item?id=27212564

Good luck to you and your summer intern minting NFTs for that. And that's before we go into the whole definition of ownership https://news.ycombinator.com/item?id=27217681

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