this post was submitted on 12 Aug 2024
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[โ€“] [email protected] 108 points 2 months ago (26 children)

Turns out the one thing Blockchain is good at, building out decentralized strings of commonly agreed upon immutable transactions, is actually not that useful. For small items we need an "undo" button because people make sloppy mistakes or get scammed, for large items we want the government to act as enforcer of the property (house, dollars, car) in question so it doesn't actually help us to decentralize.

[โ€“] [email protected] 1 points 2 months ago

You can add undo buttons and use escrows, reputation systems, etc.

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