this post was submitted on 18 Aug 2023
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Because the second the rule becomes inconvenient there will be a fork or some kind of bullshit that removes the rule. This has already been done a couple of times when money got stolen from big investors. The thefts followed the rules set up on the blockchain and nothing in those transactions were different from a normal transaction but humans looked at them and said that they weren't valid and did whatever technical bullshit they needed to do to reverse them.
Apparently ultimately this involves hitting the person hiding the encryption keys with a $4 wrench until they provide the keys.
I know that reference.
I hope you are aware that you went from "this can't be broken" to "I trust that people wouldn't break it" to "sometimes they do break it but it's not that often" in a very short comment.
So if 50%+1 of people decide that they don't want to pay artists they can just stop doing that. Sounds iron clad to me.
No, that's the way the blockchain works. It's one way to do decentralisation, a very bad way based on property and absent of trust.
A much better way to do decentralisation is what you are currently participating in. Federation is based on trust and building communities, not cold maths dictating who owns a bunch of imaginary bullshit.
That's what I am fucking saying! You cant design around greedy fucks. Also this whole discussion I participated in the delusion that those 50% were individual people. We both know that they are not because there is nothing to identify individuals so the system is entirely decided by wealth so it isn't even decentralized. It's all just a scam that regularly collapses by design because that is how the rich people extract real money from it.