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1. Kit Redgrave 🕯 (kitredgrave@glitch.social)'s status on Friday, 06-Apr-2018 17:38:12 EDT Kit Redgrave 🕯

   apologies for linking medium, but here's an interesting take on why blockchains actually aren't good at what everyone hopes to use them for

   https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec

   1. Adam (inkslinger@mastodon.club)'s status on Friday, 06-Apr-2018 18:06:43 EDT Adam

      in reply to

      @KitRedgrave That's was a good read and honestly kind of explains why so many ancaps are obsessed with cryptocurrency. They believe the lie that economics and capitalism are all about RATIONAL SELF-INTEREST and that everyone involved is a rational actor.

      Were that actually the reality, the idea of a blockchain-based currency is really appealing, even though it still ultimately relies on trust, as per the article.

   2. ⚗️⚗️⚗️ pnathan ⚗️⚗️⚗️ (pnathan@mastodon.social)'s status on Friday, 06-Apr-2018 18:29:49 EDT ⚗️⚗️⚗️ pnathan ⚗️⚗️⚗️

      in reply to

      @KitRedgrave YES YES YES this essay GETS why blockchain is not the solution.

      (I believe blockchain will solve certain problems, likely in weird distributed non-trust situations that don't relate to typical quotidian existence today)

      1. ⚗️⚗️⚗️ pnathan ⚗️⚗️⚗️ (pnathan@mastodon.social)'s status on Friday, 06-Apr-2018 18:44:02 EDT ⚗️⚗️⚗️ pnathan ⚗️⚗️⚗️

         in reply to

         @KitRedgrave also to be super clear the mindset of early blockchain people and their followers was hardcore libertarians.

         they trust NO BODY. the blockchain worldview is theirs.