People who keep touting smart contracts as "simplifying contracts" don't understand that litigating contracts is expensive because of human interpretation, not because someone forgot to write something down and get it notarized
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90% of the people who are dazzled by "crypto" right now absolutely do not understand the core technological premise of any of this shit. It's an interesting innovation with an *extremely limited* ability to actually effect any positive change in the world
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1 and 4 indubitably, and worth the price of 2 and 3 imho
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& re 2: having sued three dozen banks in the mortgage industry in large part due to that very centralized mechanism - it's called MERS - I'd challenge you to substantiate your claim. I wrote a bit about that problem in the intro portion of this piece:https://medium.com/@zoedolan/cryptocurrency-for-newcomers-an-all-in-one-intro-to-answer-friends-questions-e7f81c870c68 …
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Well, tbf there are a lot of scams in the crypto space. We shan’t deny that. But the “money” part is why, as much as if not more than the “decentralized” part.
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As a federal criminal defense lawyer, I am here to tell you that USD fiat has *never* been used to facilitate drug transactions, launder money, perpetrate large scale fraud, or commit any other crime at any point.
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“But you can’t hack the blockchain!”* *Yet.
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What about getting millenials to stop spending frivolously on avocado toast, $7 coffee, and $1,000 Coachella tickets? Teaching them the value of saving and investing. That it's not all our parents' fault we're broke. That's a pretty good use case. In the short term, anyways.
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Our parents' generation only survived by pillaging the planet and selling $7 coffee to millenials.
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Oh God this argument again? Yes, they are valid use case scenarios for bitcoin, along with every other currency on the planet. And you know what's even less traceable and more widely used? The dollar. Having bitcoin does not a drug dealer make.
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How about just.... Drm? I don't want to trust some one company to forever maintain a database of what music I bought rights to, or to need them to serve as an intermediary to transfer my rights. Bitcoin doesn't yet scale to this use case, but some blockchain will.
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but I think to the "hate the government" part, one could argue that many larger international corporations have legal departments to further that ethos and they don't trust their partners to hold a db either.
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Remember the Genesis Block message ... as well as an inflationary fiat money supply manipulated at will by CB's and the forces that control them.
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Forgot the money laundering & flows to avoid magnitsky(sp) act...
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For block chain though there is other stuff that is useful
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Small international payments are still really hard, and there’s a lot of harm that comes from that. International trade and remittances get a lot cheaper.
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I'm gonna guess you're either a banker or a lawyer
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Thanks Nocoiner.
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What about logistics and shipping, specifically duties and taxes that are different for each country? FedEx, UPS, and DHL recently announced plans to adopt blockchain for tracking, billing, and brokerage and I’m wondering is that the right choice?
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Le chargement semble prendre du temps.
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