this post was submitted on 07 May 2024
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Non-haters don't care about the differences between datacenters, technology and blockchain. They want M.O.R.E. T.E.C.H. because it's new and shiny. ;)
I do understand my banking statement, and even most of the fees I'm paying or my account. I don't really understand what happens in a blockchain. If you can explain it to me like I'm 5 maybe I'd be more likely to adopt the technology. I've heard rumours that it's really just a glorified database - if that is true, what's the difference between databases we already have, and this new fancy kind?
So do all Bitcoin or Ethereum holders have some kind of general assembly or online vote to decide under what rules their currency is run? Does one bitcoin equal one vote? Which blockchains are private, which are not?
Also, banking (including their computing systems) already adheres to a set of rules, luckily. Unfortunately heavily eroded by powerful global players, but very functional, at least in Europe. Hey there's even cooperative banks and credit unions here if you look carefully! In my opinion we should seek to build common sense and evolve to an economy based on mutual trust, not build technology based on general mistrust.