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Comment by _7fvc

There's an emerging field of Computer Science as Economics Discipline. That's the field of cryptocurrency. It is currently plagued with (pseudo) economists and scammers. Or people don't really understand system design (but they don't know it). It deals with money so there is a lot of misinformation and greed.

People in crypto don't understand the design tradeoff between centralization and decentralization. So they end up selling fake dreams like decentralization can fix everything. Bitcoin is decentralized at layer 1. But in layer 2, people still want to have the same level of decentralization when they design the Lightning Network. Then, some will buy into the idea that LN will fix everything and still be decentralized.

parent _7fvc 6 years ago

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