But blockchain is not (just) about open participation. It’s about trustlessness (“well actually” there are “permissioned blockchains” but that’s just a glorified/terrible variant of Git pretty much). And society is built on trust. As Nicholas Weaver puts it, blockchains (trustlessness) is good for one thing only: censorship resistance, i.e. evading the law. It’s just the only option for thing like ransomware. For everything else, systems with trust are many many orders of magnitude more efficient.
And I’d say systems without trustlessness can be “open participation”. Dename was a pretty cool idea.
Post your response
If you write a response on your website, mark it up with h-entry and let me know the URL: