Quo vadis Blockchain?

RESCISSION BLUES

Can the reputation mechanism be made robust? Can there be a Law Merchant on the internet if miscreants can hide behind encryption?

In some ways, Bitcoin has spawned a new wild West.

The questions then are:

Can blockchain identify a fraudulent transaction?

Will the community of users pre-agree to a readily enforceable clawback or restitution mechanism?

Reference:

https://press.swarm.city/blockchain-reputation-promoting-good-actors-in-a-free-society-8f6117069cde

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s