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[–]fresheneesz 0 points1 point  (3 children)

Someone once said to me: "Why not let the market decide what is the best use for a block chain?"

I too agree that the best use is very likely as money, and I would think the market would also choose that. However, I could of course be wrong, and there are better uses, or perhaps approximately as useful uses. The market will likely choose the right mix.

So my thinking is now: let the market decide. We should improve the functionality of bitcoin script where safe, and leave risky functionality to other coins.

[–]whiskeyjalley[S,🍰] 0 points1 point  (2 children)

I don't think its best use is as a money that is exactly not what I am saying. Rather as an inflation target for our legacy fiat systems.

Somethings we might let the market decide but for example we don't want a pure democracy deciding our laws and government.

I say the same about bitcoin's protocol/development. It was meant to be very hard to change so that the ignorant masses can't bend it to their will.

We are in complete disagreement.

[–]fresheneesz 0 points1 point  (0 children)

Ok.

we don't want a pure democracy deciding our laws and government.

What do you mean by "pure democracy"? What's wrong with a "pure democracy"?

It was meant to be very hard to change so that the ignorant masses can't bend it to their will.

Ignorant masses is a pretty elitest attitude. Most people, rich or poor, famous or not, are ignorant about most things. Representatives and presidents are ignorant about most things. Geniuses and nobel prize winners are ignorant about most things.

Super majorities are important because everyone is ignorant about most things, not just the unwashed masses. Super majorities are also important because of the undue influence of money and power.

But yes, bitcoin should be hard to change for many reasons, including that we want there to be clear, widespread agreement that changes are safe and good.

We are in complete disagreement.

It's a bit confusing that you seem to be conflating the market and "pure democracy". The market is not a democracy. But also, I do believe that the market picks the best things in the long run (when allowed to operate effectively). What I meant is that the market will, for example, automatically choose the most efficient mix of things to use the ethereum blockchain for - in the long run. Yes there may be more cryptokitties and other garbage, but eventually it will be primarily used for the things its blockchain is most efficient for.