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> When the votes take money or resources, that's not democratic. It is by definition democratic. > It's still representative democracy Sure, I wasn’t claimin
by x4e 5y ago
> When the votes take money or resources, that's not democratic.
It is by definition democratic.
> It's still representative democracy
Sure, I wasn’t claiming it isn’t democratic just that it is less democratic.
> If they do stuff you don't like, you vote them out.
Not always, for example the Bank of England’s monetary policy committee is not elected.
> I don't respect your ownership.
Good for you however I don’t actually care whether or not you respect it. For example with concert ticket NFTs the only person that needs to respect it are the organisers, not you.
> When your keys leak - and they will -, you don't own it anymore.
That is intended.
> None of the major cryptocurrencies do despite claiming they would for years.
What do you count as major? Nano is in top 100 by market cap.
> When it's a network that many of us think is pointless, we're simply scratching our heads at this.
I think that retail stock market trading is pointless however I respect its ability to consume energy as part of the free market.
> More crypto junk and not a cure for cancer.
Sounds like you are very prejudiced and have made no effort to research these technologies before calling them junk and wastes of energy.
> It doesn't need changing!
I’m sure nobody thought banking needed changing in the 1900s before it became digitally available. Researching new technology can almost never be bad.
> We're increasingly building tools to serve the underbanked, and we need the government to continue with AML, KYC, etc. They serve a very valuable purpose of stopping terrorism, preventing bribery, etc.
Yes and we still can, and are doing the same with cryptocurrencies.
> If Satoshi's keys, or the Winklevoss keys, or Coinbase keys leak, it's game over forever.
It’s only possible to crack someone’s private key using quantum computing if they have spent from that wallet before (as this is the only time at which an accounts public key becomes public). Most of those accounts you have listed have never spent any of their coins so it would not be possible to crack their accounts.