this post was submitted on 18 Aug 2023
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[–] [email protected] 1 points 2 years ago (1 children)

Your comment seemed anti blockchain in general and so I was replying on that level not particularly about the contracts.

Your claims all make perfect sense if you think or current system is acceptable, with some billionaires and others that can't eat and police making sure it stays this way. The blockchain is about making the future better by enabling trustless transactions to occur without those things.

Current contracts are often held by corporarations and enforced by police. I'm a realistic person that believes climate scientists. I'm pretty sure if we have capitalism, corporations, and police (all things we need to enforce contracts) in 20 years it will be in a fascist, dystopian, ecological collapse context and I hope to not be around to experience it.

I'm much more interested in how to build a better world that doesn't need these authoritarian forces, and the blockchain is a technology useful in this endeavor. I don't claim that it is without flaw or can prevent crime.

immutable nature of the blockchain renders theft absolute, with no recourse

What recourse would be available in the dollar system that doesn't mean somebody isn't paying to make another whole? If someone stole my cash, or stole from my bank because I lost my ATM, who is making me whole at 0 cost?"

Also immutable doesn't mean not able to be modified, it just means you can't modify the past (lie about what happened). If you want to change something, it's a forward change, with past states still visible.