this post was submitted on 04 Sep 2023
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chapotraphouse
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That's like saying asymmetric cryptography only allows for trust irrespective of medium. We still deployed it everywhere because it turns out that's useful in countless ways. Blockchains are also not necessarily public, and generally most of the shit they get from leftists has more to do with stupid wasteful consensus mechanisms than anything to do with the principle of a fancy networked Merkle tree itself.
In the end it's just another mathematical guarantee and we can do better than "concept is related to bad people and is therefore bad"
edit : Also worth noting that PKI was a huge gold rush when it started and still to this day lots of companies make utter bank on the sole basis that their certificate chains are trusted by default in your browser
No, I think crime money is good. But every time someone tries to come up with another use for them it's like, demonstrably worse than what already exists. It just sets off my bullshit sensors.
Completely fair. I'm mostly interested in what it can do for distributed computing and inter-organizational trust and most of that is being done outside flashy VC circles and not getting much media coverage. Naturally anything that allows organizing outside of bougie government institutions is good up to and including crime money