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you're right, entirely right. But I think this is what people want: Developers can control and fork the code at will because they have a majority (51% >) of the
by f00_ 9y ago
you're right, entirely right. But I think this is what people want: Developers can control and fork the code at will because they have a majority (51% >) of the coins.
Coins are used for some kind of service that it provides (transaction fees for decentralized exchange, computation, storage). Developers fund development from the initial selling of the coin and have incentive to increase the price.
I wonder if the two tiered model (ETH/Gas, Factom/Entry Credit, there are lots) is better or worse
So much money grabbing happening right now, and often they don't have any kind of service or working software yet. Definitely a lot of specutlation, are these all tulips?
- Jyaif 9y ago> But I think this is what people want: Developers can control and fork the code at will. The only reason the blockchain was invented is to avoid having a centralized authority.
- ghthor 9y agoI don't agree. The blockchain enables a type of authoritarianism that I support, open data authoritaianism. Sort of like the linux kernel or open source software, but for the data. If I don't agree with the leader, I'm free to fork the ledger and build support for a new leader. Just imagine if we had this tyoe of power over facebooks "ledger", how much easier would be able to hold a check on the centralization of power as a user. I don't mind authoritarianism as long as I have the real control to take the data and elect new leadership at any time.