2 ms·
My comment shouldn’t come off as all bad/anti-blockchain. While modern view has corporation as these evil centralized entities...the first “stock corporations”
by will_brown 8y ago
My comment shouldn’t come off as all bad/anti-blockchain.
While modern view has corporation as these evil centralized entities...the first “stock corporations” were a welcome invention, allowing distribution of risk and a share in profits.
I personally love the idea of an immutable and distributed ledger. And while bitcoin may have been helpful as an example of a potential use for a blockchain, it has failed to fulfill the intended use of the creator (peer 2 peer digital currency). I think in a lot of ways because while blockchain itself may have some democratic characteristics, the example of bitcoin as a currency is anything but democratic. Bitcoin is something bought and sold, the inventor(s) have 1,000,000 and new comers will be hard pressed to have equal power.
Then again the way democracy is used as a term and romanticized is kind of a joke to me. From the fact the US is often called a democracy (it’s not it’s a constitutional republic), to the idea it took women about 2,500 years to get the right vote, to the realities of democracy only works until it doesn’t then might is right (see the democratically elected parties: taliban, hezbollah, hamas).