11 ms·
> And yet, two posts up you complained about control of people's freedom I'm a supporter of reasonable freedoms not unlimited freedoms. I would like checks and
by ghostinmachine 8y ago
> And yet, two posts up you complained about control of people's freedom
I'm a supporter of reasonable freedoms not unlimited freedoms. I would like checks and balances on power and it's accumulation whether it's a person or group of persons. Just like voting rights, we at least try to achieve equal voting share for each person. Money is power it needs reasonable checks and balances so that wishes of few do not affect many. No one needs $100 million to survive or live a reasonably good life. If you need more for an endeavor you're free to appeal to others to invest into your effort. Point is, large changes needs to be made by proportionate amount of wills.
> Do you no see the irony in that contradiction?
There's no contradiction. It's just a suggestion to avoid a few of such problems, but if you have a better suggestions, I welcome it.
>Hah! What a huge "if"
Yes that's a big 'if', just like for any other idea. Only fools are certain of things, those without power have only hope.
- adwn 8y agoCryptocurrencies cannot prevent accumulation of extreme wealth in the hands of a few. The reason is simple, yet important: Money is not wealth. Money represents wealth. If you restrict the amount of money per person, wealth will be represented by a different metric – camels, for example. > Yes that's a big 'if', just like for any other idea. No. Any idea that requires such an "if" (i.e., the implementation has to be perfect for the idea to succeed) is doomed to fail.