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302cc9b4780f8cbef6f70c3a8417913050b6aafb (

mindbound) rakstīja,

Great comment! While there is quite a bit more there for me to think about, couple of points off the top of my freshly woken-up brain:

A network or a market doesn't have to capture the full level of detail of human interactions, judgements, or moralities, only to the extent that is relevant to its particular purpose, which in practice means that there will likely always be small but valued things that the networks won't capture and that will be left to "ordinary" human interaction, which is fine;
Blockchains, smart contracts, and things like that are extremely easy to update and reconfigure, it's just that they always carry their immutable changelog with them for everyone involved to see, which means that, while change is easy, cheating and sabotage is anything but and a damaged section of the blockchain can, by the will of its meritorious users, be simply frozen and the rest of it continue as a fresh branch with common history;
Like every market, blockchains can and do account for the malleable value of things they carry, often with more sensitivity and shorter response time than conventional ones, which can already be seen in today's blockchains such as cryptocurrencies.

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