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Read all about it at the above link. There’s way too much to process here. This is going to be wild.
The fediverse solves the decentralisation problem by enabling communities to operate around a basis of trust. Blockchain is antitrust. It is fundamentally built on an assumption that functioning communities cannot exist.
Blockchain solves a problem that doesn’t exist. Give me a problem that blockchain solves and I’ll consider it. A decentralised ledger is an ancient technology that has never needed immutability in order to work.
Also what odds would you give me on whether reddit don’t want to use this blockchain system for a grift? 1/100? 1/1000?
That’s the other problem with blockchain, the foundation of antitrust attracts grifters, because it is a technology that enables grifts. Immutable ledgers lock people in with no escape clause, so they fundamentally enable bigger fool scams. I hate fiat currency as much as the crypto bros, but at least it sometimes allows recourse for scam victims.
The fediverse solves the decentralisation problem by enabling communities to operate around a basis of trust. Blockchain is antitrust. It is fundamentally built on an assumption that functioning communities cannot exist.
Blockchain solves a problem that doesn’t exist. Give me a problem that blockchain solves and I’ll consider it. A decentralised ledger is an ancient technology that has never needed immutability in order to work.
Also what odds would you give me on whether reddit don’t want to use this blockchain system for a grift? 1/100? 1/1000?
That’s the other problem with blockchain, the foundation of antitrust attracts grifters, because it is a technology that enables grifts. Immutable ledgers lock people in with no escape clause, so they fundamentally enable bigger fool scams. I hate fiat currency as much as the crypto bros, but at least it sometimes allows recourse for scam victims.