Post
Topic
Board Economics
Re: What’s consensus?
by
pinggoki
on 19/09/2021, 19:53:36 UTC
I like your idealism of seeing bitcoin and cryptocurrencies in general as the glue that will put all this stuff together come the future but with a bit of realism, and without skepticism (yet), we could see that this is a bit too far-fetched really. Sure bitcoin and cryptocurrencies could transform the way people see currency and the concept of money but not so much as it would automatically change humanity into a much more understanding species. We're living at the verge of a war and a nuclear standoff. using a different way of paying stuff isn't going to magically solve this.
[holy yikes]

OP's post is exactly why it's so easy to paint the crypto community as delusional.  Crypto hasn't transformed society and it's not going to in any of the ways OP is fantasizing about because it's not any of the things it's being presented as in that post.  And if you need it to be any or all of those things to see the actual utility of crypto, then you're going to live in an eternally unrealized fantasy world.

Further, the "consensus" concept in bitcoin is what has driven so much division because it requires so much compromise to reach consensus that large groups of people are unhappy.  Every time you see one of these major forks break off from bitcoin it's because a large group of people reject the "consensus" rules and change them the way they think is better.  The consensus aspect is highly overrated and your post doesn't reflect the reality of how divisive such a system has actually been.
Couldn't agree more. I've been like this in the past, until I saw the reality of what bitcoin is all about. People should stop putting stuff in pedestals no matter how important or groundbreaking they are. Without proper human application, it'll all just go to waste. In the case of consensus, it's a bit of a grey area too because even now we can't even reach consensus and we haven't had the whole world in this ride yet.