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My argument is that mining is not meritocratic. In the same way first ever land ownership is definitely not meritocratic. (See violence over land or enclosure
by samsquire 5y ago
My argument is that mining is not meritocratic.
In the same way first ever land ownership is definitely not meritocratic. (See violence over land or enclosure acts stealing land from the commons)
We need universal basic income to distribute wealth. Any new currency suffers from the landed wealth problem where a group of people is designated the aristocracy through landed wealth. That is, it's not democratic, universal or voted.
- gruez 5y ago> My argument is that mining is not meritocratic. Mining wasn't even mentioned prior to this post. >In the same way first ever land ownership is definitely not meritocratic Seems like moving the goalposts? Obviously any sort of property rights isn't "meritocratic", but at the very least you can get your hands on fresh bitcoins without being friend with whoever staged a coup.