you don't need a blockchain or other distributed ledger technology to do it, yet the community built around those DLT projects are much more supportive and more economically aligned and are cheaply acquired
giving advantages over both
- private equity fundraising
- kickstarter style consumer-product fundraising
it doesn't matter if thats an agreeable stance, that is the reality right now. If you don't like it, then a series of tools have to be made to compete, good luck bootstrapping your community around that goal.
1. They ultimately require some kind of real world authority. For instance a land registry requires the authority to accept the transaction and then enforce it.
2. They're just using crypto
It would be interesting to see which 3-5 of these applications people think genuinely require the block chain and serve a need.
I've banned the account but you're welcome to email hn@ycombinator.com with a better username and we can rename it for you and unban it.
