Bingo. Capitalism has thus far rejected the blockchain, which is generally evidence that it doesn't solve an important problem either efficiently, safely or cheaply.

[–] grue@lemmy.world 23 points 9 months ago (4 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.

[–] 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.

[–] 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.

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