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bitcoin (6735) blockchain (5722) birthday (2180) davidbowie (3) henrydampier (2)
ᴇᴍᴇʀᴀʟᴅ ɢʀᴀᴠᴇs
I keep seeing a lot of people talking about the merit of “blockchain-backed-XXX” without understanding the purpose of a blockchain. The purpose of a blockchain is to preserve a chain of custody in a hostile/non-cooperative environment, so that whatever it represents can stay permissionless, indiscriminate, inclusive, and peer-to-peer. Arguing the merits of taking some permission-granting *OR* permission-SEEKING entity [e.g. “blockchain-backed-USD” or “blockchain-backed-company”] is like arguing the merits o
The root of this encouragement of fragmented attention is in the political ideal of equality.