zlacker

> The value in blockchain technologies is in unforgeability, scarcity, and forced consensus. In a world where forgery is trivially easy, content is trivially abundant, and nobody believes anybody else, a technology that ensures that mutually-distrusting computer systems all represent the same data gets quite valuable.

And how does blockchain make this work? By making authenticity too expensive for spammers, you've made it too expensive for 90+% of the population. The spammers/propagandists have orders of magnitudes more money than me.

>>antifa+(OP)
By going back to how an economy is supposed to work: you exchange money of known supply for items of value, and making the hard tradeoffs about which items of value are worth spending money on.

I suspect that the actual cryptocurrency that wins out here hasn't been invented yet, or it'll be a layer on top of Ethereum. It needs to actually function like a currency, and it needs to give you mechanisms to trade items of value in the real world, goods and services, for future goods and services. None of this "it's just a wildly variable front over USD that you can profit off of swing trades."