11 ms·
Yeah, worlds slowest and most in-efficient write-only database. And as soon as you need to interact with goods or services in the real world, then you still nee
by angusturner 1y ago
Yeah, worlds slowest and most in-efficient write-only database. And as soon as you need to interact with goods or services in the real world, then you still need trust anyway.
All these people harping on about: "Bro I just need to move my money without trusting anyone!, I just need a trust-less way to send currency bro!"
Trust is a good thing! Banks and financial middlemen aren't the devil. Look at how many TPS the visa network can do thanks to trust.
If it weren't for some minimum of social/institutional trust the whole of society would collapse anyway and your digital coins would finally converge to their true value (zero - or actually negative once you add in the externalities).