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Who is "locked out" of the traditional system? The stock market seems easier to get into than ever. I always hear this as a dig of the existing structures but i
by defterGoose 5y ago
Who is "locked out" of the traditional system? The stock market seems easier to get into than ever. I always hear this as a dig of the existing structures but its starting to sound just like the other pro-crypto memes out there.
Edit: No refutation? Just downvotes? Ok then.
- Siira 5y agoI am for one, living here in Iran, where in the last year millions lost money by "investing" in the regime's "stock market." I didn't, lucky me. Now the inflation has taken my money instead. Not to mention the taxes, which keep growing YoY, while basic government services such as electricity is regressing to being daily down for hours. Consensus algorithms are inevitable. Either we use our current corrupt, politically-driven consensus system, which exploits workers, minorities, and generally anyone not rich and powerful, or we bother to engineer some consensus algorithms that has some bounds on the corruption possible within it.