4 ms·
Good for them for nerding out with all the esoteric tech to solve the decentralization problem. But evidently all this means nothing if it's possible to mutate
by cocktailpeanuts 8y ago
Good for them for nerding out with all the esoteric tech to solve the decentralization problem.
But evidently all this means nothing if it's possible to mutate the blockchain itself through social and political engineering.
- spacenick88 8y agoBut if that mutation needs majority (from miners or stake holders) how is it any worse than a democratic country deciding to change a law or print money or whatever?
- doubledad222 8y agoPresumably it's a lot harder for a group of evil-doers to get a country into changing laws or printing more money. Your opinions may vary. I have my faith in (some) countries.
- gph 8y agoWasn't the main part of the allure to blockchain/crypto to be better than democratic societies and institutions? After all that's what they are trying to replace right? Governments can't be trusted and all that?
- spookthesunset 8y agoIt's far worse because it lacks any kind of controls or process to make sure everybody gets a fair shake. A good government answers to all citizens. Blockchains answer to those with the most hash power (i.e. $$$$). You are effectively saying you'd prefer mob rule over due process.