4 ms·
>Cryptocurrencies advertise themselves as democratic only in matters of that cryptocurrency. >more shares = more votes Yeah, people without shares have no bu
by dorgo 5y ago
>Cryptocurrencies advertise themselves as democratic
only in matters of that cryptocurrency.
>more shares = more votes
Yeah, people without shares have no business (and no interest) in decisions concerned with that cryptocurrency.
It's like saying a game community is not democratic because only players of that game can make decisions about the future of the game and the hardcore players (early adapters) get more votes than the newbies.
I think crypto tech is exploring ways to reinvent democracy/society, but cryptocurrencies are not meant to do it (as the name cryptoCURRENCY suggests).
- UncleMeat 5y agoThose "matters of cryptocurrency" matter a lot. A lot of advocates hate inflation. That's a policy position. And it may be reasonable to want democratic control over those policies rather than miner control.
- landemva 5y agoThe Bitcoin block size hard fork showed that full nodes and validating nodes have the power to censor miners who don't follow the consensus rules. And the amount of Bitcoin needed to run a node is zero.