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I'm a huge fan of decentralization. I dislike capitalism. I used to like cryptocurrencies until I realized cryptocurrencies are just capitalism in an extreme fo
by capableweb 6y ago
I'm a huge fan of decentralization. I dislike capitalism. I used to like cryptocurrencies until I realized cryptocurrencies are just capitalism in an extreme form, over the internet, and in blazing speeds. Everything bad with capitalism gets amplified in cryptocurrencies, as it never sleeps. It's all about the money, from the protocols to the organizations that gets build on top.
Contrast that against decentralization efforts like Secure Scuttlebutt (SSB) or Mastodon, where the communication and liberation is the core focus, enabled by protocols that works offline-first (in the case of SSB) and can pass data between any peer.
- gregjor 6y agoIt’s not de-centralized, though. It’s just not centralized and controlled by banks or governments. A very small number of miners and trading platforms effectively control it, even if BTC is theoretically decentralized. It’s decentralized peer to peer in the same sense as Facebook Messenger.