Very normal freedom loving country as always.
Also critical support for buttcoins in this particular case, I guess.
I mean that’s what a proof-of-stake blockchain would be essentially. What having a blockchain would allow for more transparency and thus lessen the chance of corruption.
You could still have a currency issued from a central bank, blockchain doesn’t automatically mean limited amounts of currency where only the people with the money to buy the right hardware get even more money like with Bitcoin.
Blockchain technology by itself is essentially just a distributed database where outside parties can verify the integrity of the contents.
You’re right that its nonsense that no institution can ever be trusted but if you can remove some of the need for trust relatively cheaply why wouldn’t you?
Why not just use a database though? Take postgres and publish your daily backups.
Engineering decisions shouldn’t be made by taking some new piece of technology and trying to find places that it might be useful. They should be made by finding problems then searching for technologies that might solve them. That’s the fundamental problem with all the “sure bitcoin is bad but blockchain…” stances people come up with. It’s choosing the solution first then desperately searching for a problem.
Do you think wanting more streamlined institutional transparency is “searching for a problem”?
Is it absolutely necessary to use blockchain for a socialist state to function? No, of course not, but neither are computers in general, they just make things easier. The same could be said for blockchain technology. Proper use of cryptography and blockchain could lead to less bureaucracy by needing less watchdog agencies.
Maybe you could get the same amount of trust without using the blockchain, maybe it really is unnecessary but I don’t think it’s possible to dismiss it entirely based on the first few implementations being libertarian fantasy nonsense.
Do you think wanting more streamlined institutional transparency
How the fuck is involving an entire network of random computers more streamlined than anything?
I don’t think it’s possible to dismiss it entirely based on the first few implementations being libertarian fantasy nonsense.
I’m not. I’m dismissing it based on technical merit, then making fun of it for being libertarian fantasy nonsense.
