A security issued on a blockchain is 100x better than a paper one -- you are still centralized & have to trust the issuer but it can move with less friction and can be more easily held by users, giving them more control of their wealth
... Bitcoin turns out the entire data-layer inside out (in kind of the same way Kafka does for databases, eg. https://engineering.linkedin.com/distributed-systems/log-what-every-software-engineer-should-know-about-real-time-datas-unifying …). There are a lot of trust dimensions that it flattens -- trust that I don't have bugs in my access control; trust in products I integrate with...
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How can it flatten it and turn it inside out simultaneously? It's more useful to speak plainly about the actual processes; analogising is why Blockchain not Bitcoin and confusion are widespread, so that people literally cant understand why they cant have what they were promised.
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These two operations very often go hand in hand. I wholeheartedly suggest you read that article on the log data structure I linked. It's one of my favourite technical articles, has absolutely nothing to do with anything blockchain but offers a great mental model.
End of conversation
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