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I’ve never thought about it before, but there are quite a few striking similarities between crypto and the history of early monotheism. With an established cent
by eksemplar 8y ago
I’ve never thought about it before, but there are quite a few striking similarities between crypto and the history of early monotheism. With an established central religion, a few popular alternatives centered around dogmas that promise to better than the original and carried by a cult of personality, and a million prophets and “false” idols all of it carried solely by faith.
Of course it was centralized power structures and societal authority that chose which religion we have today, and crypto is much less likely to obtain that.
- zaarn 8y agoWell on crypto you do have centralizing incentives considering that your income as a miner is directly proportional to the amount of money you have (buying hardware). Not only that but the power on the Bitcoin blockchain is directly determined by how much hardware you can buy and how specialized you can make this hardware. Consider that atm you can fit about 80% of bitcoin hash power on a single stage (about 11 people IIRC).