Comment by qubex

I really dislike bitcoin (and most of the first-generation cryptocurrencies) for a lot of reasons (as an economist, I consider a deflationary, fixed-supply currency noxious). But the blockchain is rather fascinating. People seem to not realise what it is, generally speaking. And what it is, is this: a distributed manner of manufacturing scarcity of information in our day and age of infinitely duplicable data. It’s basically a distributed DRM system.