Mid 2000s, I was interested in using rolling hash logging for tamper evident audit logs. For use cases in healthcare (medical records) and election integrity (did someone change the tally).
One logical extension (expansion of scope) would be sharing these audit logs, mostly intra-organizations. aka blockchains.
Once potential extension is to do accounting and finance on top of blockchains, potentially supplanting IRL trust relations with digital trust. Meaning doing biz with people you don't know. Voila! Cryptocurrency!
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IMHO, the central conceit (deceit) of cryptocurrency is that it's a decentralized system that replaces IRL trust relations. That'd be really cool if true. But it's not.
And I'm not sure any wholly digital (financial) system can ever be decentralized, trustful, or both. Theoretically or practically.
One logical extension (expansion of scope) would be sharing these audit logs, mostly intra-organizations. aka blockchains.
Once potential extension is to do accounting and finance on top of blockchains, potentially supplanting IRL trust relations with digital trust. Meaning doing biz with people you don't know. Voila! Cryptocurrency!
--
IMHO, the central conceit (deceit) of cryptocurrency is that it's a decentralized system that replaces IRL trust relations. That'd be really cool if true. But it's not.
And I'm not sure any wholly digital (financial) system can ever be decentralized, trustful, or both. Theoretically or practically.