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Culture War Roundup for the week of June 24, 2024

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That's a very good point, albeit wasted this far down the comment chain. I certainly hope Gucci doesn't end up controlling its own chain, these things should be on Eth or some reasonably neutral blockchain where people have their own accounts under private control.

That's a very good point, albeit wasted this far down the comment chain.

I do it for the love of the game.

How to actually give normal people access to blockchain products without their inevitably losing it by either technical mistakes or fraud is an unsolved question at this time. The vast majority of people lack the technical sophistication or interest to utilize their own wallet. They lose the password and permanently lose the tokens, or they accidentally send it to someone, or they get tricked into doing one or the other. Most users who want to "invest" in crypto do so through a third party exchange, these have in turn routinely also had problems with fraud, hacking, abuse etc. The stakes of crypto, playing for keeps, just aren't the stakes most people are ready to play with.

I suspect that for high stakes uses, like deeds, there is a future in licensed blockchain users. Notaries and title agents and dealers and such will be empowered to make moves on the chain, but not others.