this post was submitted on 02 Feb 2024
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Blockchain: the wave of the future (lemmy.world)
submitted 9 months ago by themaninblack@lemmy.world to c/memes@lemmy.ml
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[–] grue@lemmy.world 23 points 9 months ago (2 children)

To be fair, there are plenty of other reasons capitalism might have rejected blockchain: market failure, interference by government, etc.

I'm not saying that to defend cryptocurrency, by the way, but rather to point out that capitalism isn't perfect at allocating resources in every situation.

[–] tryptaminev@feddit.de 16 points 9 months ago

capitalism is generally terrible at allocating ressources. It will always win to externalize costs, and if the people footing the bill cannot participate in the market, like for instance future generations, the result is always a self destructive system.

[–] Katana314@lemmy.world -1 points 9 months ago (2 children)

Isn’t one of its goals to be free from government influence? That’s not a valid excuse.

[–] grue@lemmy.world 6 points 9 months ago

Blockchain is just a technology. It doesn't have "goals."

[–] tryptaminev@feddit.de 2 points 9 months ago

If a government explicitly blocks it and tries to find and punish trading off or in cryptocurrencies that will cause interference.

that is talking about blockchain as a technology for cryptocurrencies.