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Regressive author can't understand the Theory of Conservation of Mass. Gives us the environmental waste straw man and follows it up with an appeal to power. Fai

Regressive author can't understand the Theory of Conservation of Mass. Gives us the environmental waste straw man and follows it up with an appeal to power. Fails to understand that the real innovation in trust is the stable horizontal structure that makes top down governance obsolete. Enjoyed reading anyway

antocv 8y ago
> is the stable horizontal structure that makes top down governance obsolete lol, how can bitcoiners still believe this? SegWit was introduced top-down, The DAO was top-down governance. Everthing about bitcoin, the mining, the software, the majority owners of all bitcoins ever mined, is ruled and in the hands of less than 12 people.
- lukifer 8y ago
  The counterpoint that those n<12 people are supported by, and theoretically accountable to, the vast ecosystem of miners, investors, and developers. ...and the counter-counterpoint: for all the shortcomings of modern democracy, the same is at least somewhat true of the board members of the Federal Reserve, and the elected congress-critters who occupy the relevant regulatory committees.
- coinward 8y ago
  what do you mean by ruled? there is no ruler. thats the point
jonnydubowsky 8y ago
Spot on analysis of the logical fallacies this author relies on to make their point. It's too bad, because his analysis and summary of many of the features of blockchain and cryptocurrencies is quite good. This analysis makes for a great checklist for auditing projects to find the rare handful that have identified these same problems and are working to resolve these issues. I don't understand why critics with this level of understanding insist on binary assessments of performance or use the "10 years is a long time" argument. The bubble bursting has been effective at clearing out the scams and garbage. There's a long way to go, but bathwater is easier to drain these days too.

antocv 8y ago

> is the stable horizontal structure that makes top down governance obsolete lol, how can bitcoiners still believe this? SegWit was introduced top-down, The DAO was top-down governance. Everthing about bitcoin, the mining, the software, the majority owners of all bitcoins ever mined, is ruled and in the hands of less than 12 people.

lukifer 8y ago
The counterpoint that those n<12 people are supported by, and theoretically accountable to, the vast ecosystem of miners, investors, and developers. ...and the counter-counterpoint: for all the shortcomings of modern democracy, the same is at least somewhat true of the board members of the Federal Reserve, and the elected congress-critters who occupy the relevant regulatory committees.
coinward 8y ago
what do you mean by ruled? there is no ruler. thats the point

jonnydubowsky 8y ago

Spot on analysis of the logical fallacies this author relies on to make their point. It's too bad, because his analysis and summary of many of the features of blockchain and cryptocurrencies is quite good. This analysis makes for a great checklist for auditing projects to find the rare handful that have identified these same problems and are working to resolve these issues. I don't understand why critics with this level of understanding insist on binary assessments of performance or use the "10 years is a long time" argument. The bubble bursting has been effective at clearing out the scams and garbage. There's a long way to go, but bathwater is easier to drain these days too.