Dorothy Nelsono
@dorothynelsono
138 Following
287 Followers
3 replies
0 recast
9 reactions
2 replies
0 recast
2 reactions
38 replies
42 recasts
220 reactions
1 reply
0 recast
1 reaction
6 replies
0 recast
10 reactions
0 reply
0 recast
0 reaction
1 reply
1 recast
26 reactions
0 reply
0 recast
6 reactions
4 replies
1 recast
7 reactions
Though well-written and inspirational, I believe this post fundamentally misunderstands Ethereum and blockchains.
Ethereum's distinctive property is objective, strict global consensus, and absolutely nothing else. It's great for usecases that require strict global consensus, but it's impossible for everything else, because Ethereum cannot parse any subjectivity or rough consensus at all.
As such, while money, contracts, governance, identity, law are presented as examples, Ethereum can only parse very, very limited forms of the above, where it's objective. In some cases, like governance or law, it's almost entirely subjective with negligible scope for Ethereum to help.
99.99% of economics, institutions and the like are deeply human and subjective, which Ethereum or blockchains in general cannot interpret at all. Indeed, we've seen many a times how forcing subjectivity into objective code has led to many disastrous outcomes in crypto.
(Contd...) 11 replies
61 recasts
182 reactions
23 replies
15 recasts
77 reactions
3 replies
3 recasts
34 reactions
15 replies
23 recasts
144 reactions
18 replies
2 recasts
19 reactions
5 replies
1 recast
28 reactions
28 replies
73 recasts
375 reactions
6 replies
4 recasts
36 reactions
1 reply
1 recast
14 reactions
5 replies
1 recast
14 reactions
1 reply
0 recast
4 reactions