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0 pointsdredmorbius9y ago0 comments

I'm also finding the "blockchain all the things" concept ... perplexing.

I really don't understand the mechanism or dynamics.

It seems I'm not the only one.

There's a growing set of evidence of breakdown among institutions founded on or around Blockchain: Bitcoin, MtGox, Ethereum, others.

And a profound failure to either understand or acknowledge (and I'm not sure which of the two it is predominantly, or how much it varies by individual) what money, currency, and contract actually are.

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plttn9y ago

I'm not a dumb person by any stretch of the imagination, and I actually got lost in the weeds when trying to read The DAO's website and what exactly it does and how it works.

(which is a hilariously confusing thing to name a brand; "Which DAO are you talking about?" "The DAO" "Yes but which one")

There's situations where blockchains are a good idea, but there's many cases where they aren't.

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