Repeat after me: blockchain is centralised.

You want to tilt the power dynamics to favour social justice? You don’t do that by making a billion copies of the same database. You do it by ensuring that a billion people can have their own unique databases.

Expend your energy to realise topological decentralisation not global proofs. Sure, it won’t make you a billionaire but if that’s what you want, what the fuck you reading my feed for?

@aral yes but isn't it a good system for non-government-controlled money?

I know it attracted all kinds of jerks (money always does) but I believe the underlying idea is sound.


@qwazix @aral Putting all transactions in a public ledger is a strange idea to me. One must assume any cryptographic scheme which isn't one time pad will be broken over time, that's why all well-designed schemes can switch both key and algorithm at the drop of a hat. When everything is public, you can only put stuff there which is truly public. I don't think "every single transaction" fits that description. Blockchain is a really cool solution looking for a problem, currencies isn't one of them.

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