RE: Proof of Stake Risks Concentrating Power

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Proof of Stake Risks Concentrating Power

in crypto •  2 years ago 

The naive idea of the decentral fans is that nobody will be in control. A very small amount of mathematics should suffice to show this to be at best a pipe-dream, and at worse a huge delusion. The issue is not even whether a chain is centralised or not - just a matter of when.

I'm glad to see so many comments on this issue.

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  ·  2 years ago  ·  

I'm glad to see so many comments on this issue.

Here on Blurt?

  ·  2 years ago  ·  

I was being sarcastic, especially towards the propagandists who continue to fly their false flag.
Glad to see more articles in the crypto press about something I've been saying for some years.

  ·  2 years ago  ·  

Ahhhaha :D

Rules without rulers is impossible.
Aside from stake based spheres people need places without this concept.

I see Blurt & Co actually more like classic joint-stock companies, where whoever holds the biggest share makes all the decisions. The term proof of stake already says it. Whilst the witness-concept and the discussion with the community softens that a bit.

About whom and what are you talking when you say propagandists and false flags?

  ·  2 years ago  ·  

Wasn't this the selling point of democracy?
Delegated proof of taxation.

And, yes, you'd think that something called proof of STAKE would be blindingly obviously so nowhere near decentralised - for long.

  ·  2 years ago  ·  

Were you referring to my sentence

Whilst the witness-concept and the discussion with the community softens that a bit.

Wasn't this the selling point of democracy?

I don't know. Was it?

  ·  2 years ago  ·  

Rules without rulers is impossible.

the target is find "public servants"


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

In Utopia, anybody seeking election is barred from being elected!
It's fiction.

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  ·  2 years ago  ·  

the ultimate goal of government should be to make itself obsolete


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

you want gov automated AND obsolete?
make up your mind.

  ·  2 years ago  ·  

AUTOMATED = OBSOLETE


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

Start with CEOs 🤬


Then work backwards 🥓

  ·  2 years ago  ·  

The start would be the "corporation".
A legally constructed psychopathic entity whose prime mission is to enrich shareholders - and logically, that could be to the detriment of the rest of the world.
Hence the huge new con we see, the greening of corps, which is still done in a rapacious and tyrannical manner.

  ·  2 years ago  ·  


Science Fiction 🥓

  ·  2 years ago  ·  

in utopia, the function of government is automated and transparent


Posted from https://blurtlatam.com

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