degooglerleon@lemmy.zip to Free and Open Source Software@beehaw.org · 4 days agoFoss Phone?lemmy.zipexternal-linkmessage-square76linkfedilinkarrow-up166arrow-down17file-text
arrow-up159arrow-down1external-linkFoss Phone?lemmy.zipdegooglerleon@lemmy.zip to Free and Open Source Software@beehaw.org · 4 days agomessage-square76linkfedilinkfile-text
minus-squarelocuester@lemmy.ziplinkfedilinkEnglisharrow-up0·2 days agoWhat problem does it solve where? It’s an immutable data ledger. It solves trustless interactions. Raising capital, trading, etc. it moves financial markets from proprietary pay to play arenas (wall st), to an open model. If you hate money and markets, you’ll hate it too. But it does solve worldwide instantaneous value transfer.
minus-squareHelix 🧬@feddit.orglinkfedilinkEnglisharrow-up1·2 days ago What problem does it solve where? It’s an immutable data ledger. It solves trustless interactions. Ah, so, like Git with signed commits. Got it. 🙃
minus-squarelocuester@lemmy.ziplinkfedilinkEnglisharrow-up1·2 days agoPrecisely actually. Except with nakamoto consensus on top to order the commits.
minus-squareHelix 🧬@feddit.orglinkfedilinkEnglisharrow-up1·15 hours agoOr, you know, you could just use a web of trust. Like money IRL works.
minus-squarelocuester@lemmy.ziplinkfedilinkEnglisharrow-up1·8 hours agoFiat money is devalued by the issuer to benefit them. And there’s no web of trust. You trust the issuer or you don’t.
What problem does it solve where? It’s an immutable data ledger. It solves trustless interactions.
Raising capital, trading, etc. it moves financial markets from proprietary pay to play arenas (wall st), to an open model.
If you hate money and markets, you’ll hate it too. But it does solve worldwide instantaneous value transfer.
Ah, so, like Git with signed commits. Got it. 🙃
Precisely actually. Except with nakamoto consensus on top to order the commits.
Or, you know, you could just use a web of trust. Like money IRL works.
Fiat money is devalued by the issuer to benefit them. And there’s no web of trust. You trust the issuer or you don’t.