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it's decentralization that is the scam, crypto being merely a downstream application of this unworkable ideological position which consists of elaborately igno
by ChainOfFools 4y ago
it's decentralization that is the scam, crypto being merely a downstream application of this unworkable ideological position which consists of elaborately ignoring the impossibility of creating a sustained "power vacuum"
Decentralization is a nonsensical semantic mirage, a claim that this act of agency occurs without an agent. There is always a selfish motive with first-mover advantage lurking at, or plotting to usurp, maximally influential clique at center of mass in every decentralization scheme. Satoshi 'disappeared' (and bitcoin ideologues strongly condemn attempts to identify him) because it is understood that his existence would fatally undermine the bitcoin origin fable of decentralization.