I read all the replies in kind of, an order going from simplest to what looked to be like the more complicated ones, and this seems like the least charged and best explanation of the sort of, externalities, and it seems like a pretty good overview of it. The other guy did a good summary of how the technology works for a dumbass like me but I’m still not sure I got all of it.
So, like, you could kind of conceive of a use for these technologies generally, right, but it would seem like, even from your explanation and also from what I kind of passively know already, this is kind of, reliant on a libertarian conception of society, which isn’t necessarily bad. I think more concerningly it also seems like both of the basic technologies, there, PoW and PoS, are vulnerable to abuse from the powerful, or from those who have more resources, with maybe PoS being less so, I dunno, still don’t really get how that one works specifically which might change it. Which is sort of, antithetical to a libertarian conception of society. I mean unless you’re an ancap but those guys are dumbasses.
So I dunno. It seems like a kind of inherently conflicted technology to me, like, paradoxical. I kinda hope someone can conceivably work out the problems of power abuse, but that would seem to be what I define as a “whole enchilada” style of issue, there.
Still, I do like the ability to freely buy drugs and circumvent the government, that’s kind of epic. Well, most of the time, anyways. Maybe not when the CIA does it, or when narcos and cartels do it, but I dunno how much either of them have tied up in crypto, it’d probably make more sense for both of them just to deal in fiat currency or trade resources or something.