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Step 1 - say that your "coin" is not centralized Step 2 - proceed to contradict yourself in the next sentence How the hell is a an obviously centralized system
by Yizahi 7y ago
Step 1 - say that your "coin" is not centralized
Step 2 - proceed to contradict yourself in the next sentence
How the hell is a an obviously centralized system with 3 dozens of privileged entities is not centralized... Also it is not only oligarchy, but completely unaccountable shady oligarchy. Why people continue to "want" it is beyond understanding.
- LambdaComplex 7y agoWell, they don't actually say it's "not centralized." They say it "will not be issued by a central party," which it won't--it will be issued by 28 central parties.
- snarf21 7y agoThey also say it will be decentralized but they are really only talking about infrastructure not governance or control. This will never be anything but a completely centralized shitcoin (although a very successful one).
- loblollyboy 7y agoThe Cryptoviet Union
- JaRail 7y agoBrilliant.
- deleted 7y ago[deleted]
- conanbatt 7y agoIt's an oligarchy just like the nearest hotdog stand is a dictatorship. Don't like it don't use it. Try saying the same to the governments come tax-time.
- codesushi42 7y agoThat's not really an apt analogy. Just wait until vendors only accept Libra as their payment option. It is not unrealistic either. When I was in China, I dined at restaurants that would only accept WeChat Pay as payment. Only because I was a foreigner was I able to get a pass to pay in fiat.
- conanbatt 7y ago> Just wait until vendors only accept Libra as their payment option. The vendors are the oligarchs in this scenario. > It is not unrealistic either. When I was in China, I dined at restaurants that would only accept WeChat Pay as payment. Only because I was a foreigner was I able to get a pass to pay in fiat. WeChat is not the result of a private endeavor, it is state-sponsored and controlled. It would be way worse for the government to manage Libra than for Facebook to do it. Gov has USD. This just plain competes. Competition makes all parties work harder on terms for usage. Its strictly positive.
- codesushi42 7y ago>The vendors are the oligarchs in this scenario. Wrong, they won't be. See my example above, just wait until everyday merchants only accept this as payment. >WeChat is not the result of a private endeavor, it is state-sponsored and controlled. It would be way worse for the government to manage Libra than for Facebook to do it. Gov has USD. Fiat currency is controlled by the Chinese government too. You completely missed the point. The Chinese government does not force businesses in China to only accept WeChat Pay, they choose to do so.
- bilbo0s 7y ago>Try saying the same to the governments come tax-time... OK, that was a good one. Literally cut through my anger and indignation and made me laugh out loud. Respect man.
- p1esk 7y agoBut the same applies to the government: if you don't like it, just move somewhere else!
- hinkley 7y agoPeople still tell me with a straight face that the Cloud is decentralized too. I'm mature enough not to smack them, but not mature enough that I don't fantasize about it.
- Clamhead 7y agoI really want to ask them how they think 'The Cloud' works to figure out how on earth they think it's decentralized in any way, shape, or form. Unless they think having Cloud services being offered by a couple of giant companies rather than one is considered "decentralized".