Pluralistic: 13 Feb 2022

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The Inevitability of Trusted Third Parties

The search for a crypto use-case continues

Monroe H. Rosenfeld, “Finnegan the Umpire,” courtesy of Library of Congress

“Did you know that 87% of all conversations about blockchain technology are nonconsensual?”

It’s already an old joke, but it’s sure aged well.

Hardly a day goes by without someone demanding that I listen to their explanation of their blockchain idea. A lot of times, I listen. Look, a lot of people I consider to be smart and thoughtful are really excited by this stuff, and I know them well enough to believe them when they say they’re not excited about the possibility that they can get in on the ground floor of a Ponzi scheme and exit with a bunch of suckers’ money.

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