Re:The endless search for a crypto use case
by jjoonathan on Tuesday August 02, 2022 @01:35PM
(#32321833)
I don't think this is so crazy of an idea. Many of our institutions (example: democracy, checks and balances) are designed to "subvert government authority" in exactly the same spirit. The idea is to ensure that some rules are followed regardless of who is in charge.
Re:The endless search for a crypto use case
by 8note on Tuesday August 02, 2022 @01:11PM
(#32321472)
a) isn't quite specific enough
You use blockchain if you have one very specific type of bad actor, and know for sure that they won't try bad things
Re:The endless search for a crypto use case
by whywhywhywhy on Tuesday August 02, 2022 @01:53PM
(#32322071)
Try to fly with over $10,000 (Not even a lot of money these days) in cash and see what happens.
Might change your opinion of it.
Re:The endless search for a crypto use case
by staticassertion on Tuesday August 02, 2022 @02:33PM
(#32322571)
What opinion? You just demonstrated an example of subverting government authority, which is exactly what I said it can be useful for.
I didn't make any judgment about doing so.
Re:The endless search for a crypto use case
by whywhywhywhy on Wednesday August 03, 2022 @06:06AM
(#32329735)
How is carrying money around subverting government authority? You can carry 500K in your wallet on your bank card but if you carry 10K in cash it's somehow different?
Re:The endless search for a crypto use case
by staticassertion on Wednesday August 03, 2022 @09:16AM
(#32331290)
Because traveling with more than 10,000 dollars without declaring it is illegal.
So blockchain only makes sense when:
a) You have bad actors
b) You need decentralization
The use cases for that are, for the most part, "subvert government authority". There are some cool other things you can do, like web of trust stuff, but the vast majority of the market is in the "subvert government authority" in one way or another, or is an outright scam.