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skilgarriff | 7 years ago

No doubt that there are a lot of people selling those services, but I think they are capitalizing off the fact that a lot of people don't know/spend the time to understand where blockchain actually improves things - and it's no fault of those people.

From my understanding, blockchain is essentially "cheap trust" . You can pay the system a fee to trust math rather than a human. Once I learned that, I realized there are very few scenarios where cheap trust is needed.

So perhaps I should adjust my first statement with "people who understand blockchain" - although even that's not necessarily fair as it assumes that I "understand" it.

I suppose what I'm getting at is that I think it's unfair to look at the number of scammers/people selling "blockchain" services and make an assumption on the industry as a whole. Most of the developers in the space that I know completely write off those people and don't even consider them in the industry.

On whether money can be completely represented without recourse to the outside world -> Agreed, I should again amend my statement to say "value". There is no doubt that 1 Bitcoin represents a certain amount of "value" right now and that value has so far proven to be un-censorable. Whether it will be successful money is a different question.

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