kpreid comments on Open thread, Mar. 23 - Mar. 31, 2015 - Less Wrong Discussion
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It also requires (different) attention to versioning. That is, if you have arbitrary names, you can change the referent of the name to a new version, but you can't do that with a hash. You can't use just-a-hash in any case where you might want to upgrade/substitute the part but not the whole.
Conversely, er, contrapositively, if you need referents to not change ever, hashes are great.