Nakamoto wanted to create a system for #payments that would circumvent governments, bankers, and corporations. Instead, Bitcoin is now a get-rich-quick scheme that retains none of the exciting, anarchist features it proposed and has created a secondary #economy with financial shenanigans that mirror the ones that led to the global financial crisis."
@mayel that speaks volumes about how important it is to get rid of the capitalist mindset BEFORE trying to develop anything that's supposed to circumvent the system. Proof of work is an inherently capitalist and extractive mechanism as it completely disregards externalities (ie. energy waste and pollution). And as capitalism taught us, all extractive mechanisms work best when centralized...
@Antanicus Satoshi might not have foreseen how unsustainable it would end up. Regardless, I think the beauty of #FLOSS is how prone it is to evolution (incl. forking, not just code but concepts), and that on the edges of the get-rich-quick crypto world, we may actually be able to develop some non-capitalist economical solutions (which also involves changing our mindsets about money, incrementally if necessary)
@mayel I disagree. What happened to BitCoin isn't an unfortunate accident of history, but the inevitable consequence of anarchy. And you can't have a functional economy without *some* amount of mutual trust between participants. Tech can't replace trust. *Law* can't replace trust.
Have some popcorn and watch the Lost Boys in Neverland discover to their dismay why grown-ups follow all those boring rules.
Anything that can be centralised, will be
social.coop is a a coop-run corner of the fediverse, a cooperative and transparent approach to operating a social platform. We are currently closed to new memberships while we improve our internal processes and policies, and plan to re-open to new folks when that work is complete. [9/2/2018]