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It’s better than democracy. Anyone can influence the direction of the network. The best ideas win (if you want to be pedantic call it a meritocracy). The status
by rglover 4y ago
It’s better than democracy. Anyone can influence the direction of the network. The best ideas win (if you want to be pedantic call it a meritocracy). The status quo is a bunch of bankers, behind closed doors, determining your fate. I’m frankly horrified that you think that’s a just system.
- UncleMeat 4y agoYou previously used the phrase "100% democratic halving algorithm." If you want to argue that the system is better than democratic control over our financial systems then that's a completely different discussion. I don't agree that "the best ideas win." I certainly don't agree that the halving system is a "best idea." It massively and almost permanently privileges early adopters, creating a landed gentry of the modern world in a completely unjust. The ideas most valued by a particular set of people (either the core devs or the miners, depending on how you define BTC) are what wins. That's aristocracy.
- rglover 4y agoWell then I guess you're screwed.
- UncleMeat 4y ago"Screw those other people" is not my idea of a just system. I'm glad you got rich as shit off BTC. That doesn't make you a good person.
- rglover 4y agoIt was a joke and I didn't "get rich as shit." You would do well not to judge people so much; it's unbecoming and makes your entire point of view effortless to dismiss.