Blockchain is not only crappy technology but a bad vision for the future
Blockchain tech and the whole &quot;trustless economy&quot; freak me out <i>precisely</i> because <i>I think they can work</i>... The things that emerge out of this and scale long-term can have some really scary consequences:<p>(1) a working &quot;trustless economy&quot; makes trust and peace no longer be requirements for a functional global economy... this opens the door to all sorts of fucked up scenarios like financing (or betting on) wars, no longer working for peace because it&#x27;s not always required to make your economic schemes work, no longer caring about keeping your countries economy at least somewhat functional because you can always &quot;pull <i>your</i> money out&quot; etc.<p>(2) a &quot;human-less economy&quot; enabled by smart contracts - long before autonomous &quot;un-owned&quot; corporations run by AIs take over the world, they will be used for all sorts of shady things, money laundering, toxic waste disposal by buying it but never paying to store it etc. I can&#x27;t even imagine the creativity of the conmen and criminals that will start to play with these possibilities.<p>&quot;Trustless&quot; can work... just that it doesn&#x27;t seem to lead to scenarios that increase the mid term survival changes of the human race :|