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> these distributed networks are novel and interesting

They were interesting when the bitcoin paper was released.

Then people (outside of the cult) realized that you Do Not Need A Trustless System. Society is built on trust. Wasting ENORMOUS amounts of power just to replace a few trusted entities with 51% of the network is a horrible idea.

https://www.youtube.com/watch?v=xCHab0dNnj4




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