this post was submitted on 13 Nov 2024
971 points (98.2% liked)

People Twitter

5375 readers
975 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 month ago (1 children)

now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network

Yup. Very well said. People don't realize the extent of wealth inequality (and how ridiculously resource intensive blockchain tech is). If anything important were to be decide by a blockchain, the top 1% would control the network.

More on wealth inequality here.

[–] [email protected] 6 points 1 month ago (1 children)

Today's inequality was created by the Cantillon effect.

[–] davidagain 4 points 1 month ago (2 children)
[–] [email protected] 1 points 1 month ago

Soviet Union launched Venus-8

[–] [email protected] 1 points 1 month ago

Automation, computers. It was the early '80s that the Australian tax office started automatic processing of tax, removing maybe 30,000 jobs