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> but attempting to circumvent and ignore the positives of institutions is a bad idea.

I mean, maybe? I did try to qualify with "some good, some bad", and I am certain some are bad, I'm not some idealist trying to sell you something. It just _does_ enable the possibility of circumventing institutions, and it will keep doing so, no stopping it, IMO.

> Give me a blockchain that isn't inherently structured like MLM-Ponzi schemes

Depending on your definition of "MLM-Ponzi schemes", it could be that the whole of human society might fall under it. Besides, I did mention I am not too fond of the "blockchain" name and think cryptocurrency is much more apt.




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