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Wouldn't those with ownership in a system be best trusted with the self-interest of such a system? That seems to be the best alignment of incentives.
by Zamicol 4y ago
Wouldn't those with ownership in a system be best trusted with the self-interest of such a system? That seems to be the best alignment of incentives.
- luma 4y agoSure, and Regular Money is best governed by billionaires. Incentives line up nicely if you're already rich.
- AlexandrB 4y agoWhat was the point of BTC and ETH then? We already have the system you describe with fiat currency and traditional banks.
- landemva 4y agoThere are additional goals including in part censorship resistance and it can't be seized without the keys.
- 735409264082 4y ago32 Ether or mining equipment is nothing compared to what you need to have any real influence over fiat money.