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syl_sau | 3 years ago

It seems to me that this whole issue is fairly simple: does the blockchain technology solve any real-world problem that people have? A mere analysis of its logic says it does not, actually, solve any meaningful problem whatsoever. Secure transactions are already feasible, it doesn't prevent mischief and the way to settle a dispute is always the same (through the legal system) and decentralization prevents it from scaling.

C. Muratori puts it more elegantly than I do: https://www.youtube.com/watch?v=kbYutOsrpvs

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koonsolo|3 years ago

Here is a recent post on HN where the person requires crypto donations.

If you have a better solution, please let us know. If not, then I guess crypto does have a use-case.

https://news.ycombinator.com/item?id=31996612

syl_sau|3 years ago

I agree, it's probably the one use-case where it can be useful and ease the process: funding things anonymously as to circumvent the scope of the law/avoid the eyes of the authorities, far easier with Monero really. This includes funding politically persecuted individuals as well as buying drugs or other things. After all it's mostly what it's been used for (if we ignore speculation), though so far mostly through BTC and the dark web networks of obfuscation.