3 ms·
That'd be ideal of course, but as of today, blockchain doesn't force equality. China had a good grap over Bitcoin where the big money miners where due to cheap
by mimsee 9y ago
That'd be ideal of course, but as of today, blockchain doesn't force equality. China had a good grap over Bitcoin where the big money miners where due to cheap electricity.
- TekMol 9y agoThat's why I said new blockchain. A blockchain for the rest of us.
- michaelmrose 9y agoIts profoundly unclear how merely throwing the word blockchain does anything useful for equality. Having a different way to record ownership doesn't change how ownership is distributed. Logically the blockchain would be a good way to record ownership in a more equal society in same fashion as forks and bricks would be useful tools in a new and more equal society.
- TekMol 9y agoImagine you and I cannot afford each others services because all of the money is owned by those greedy 1%. So like slaves, we sweat away for them. Day in. Day out. But if we agree on a new currency where you and I own 100000 coins each, we can happily start working for each other.
- michaelmrose 9y agoWe can already vote in people who agree to redistribute the currency we already have. This doesn't appear any more revolutionary or likely. Why would any of the people who own real resources like deeds, stocks, stores, things agree to give them to you?
- TekMol 9y agoSay you are a designer and I am a coder. As soon as we have a common currency, we can start working for each other. No voting or stores needed.
- michaelmrose 9y agoYou will still be expected to pay taxes in the official coin of the realm and will probably want to keep it in something slightly less volatile than current cryptocurrency.