There is a key difference with Bitcoin though, which in attempts to be completely flat and under no single entity’s control. In contrast, Federated systems lik

There is a key difference with Bitcoin though, which in attempts to be completely flat and under no single entity’s control. In contrast, Federated systems like lenmy/mastodon are connected islands, each under some person or organisation’s control (and moderation). Bitcoin is massively wasteful of energy due to its design, and hopelessly limited in terms of capacity and scalability. It puts itself beyond the reach of law enforcement and any requirement to conform to societal norms. The Fediverse has challenges too, but the fundamental difference is it’s not trying to replace trust in people with an algorithm.