https://riley.thecsillags.com/categories/bitcoin/ Recent content in Bitcoin on about:rileycsillag fka drewcsillag Hugo en-us Fri, 21 Jan 2022 21:42:00 -0400 https://riley.thecsillags.com/posts/2022-01-21-on-crypto/ Fri, 21 Jan 2022 21:42:00 -0400 https://riley.thecsillags.com/posts/2022-01-21-on-crypto/ <p>I get asked about blockchain, crypto, NFTs, and such every once in a while, and rather than counting on my memory to remember the whole thing, I decided to just do a quick write up.</p> <!-- more --> <p>My general thesis is this: the only things that really work for decentralization AND blockchain are things that themselves emanate from that blockchain. For example, bitcoins emanating from the bitcoin blockchain. Anything that the blockchain manages that doesn&rsquo;t itself emanate from the blockchain requires some form of trust, auditing, and/or lawyers and strong contract law, otherwise it&rsquo;s just garbage in/garbage out. If you need trust, auditing, lawyers, etc. there are simpler and cheaper ways than blockchain to manage the data.</p>