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this post was submitted on 08 Aug 2023
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AskBeehaw
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Well, proof of stake is less power hungry for sure but it also has a big con : The people who control most of the currency can now fake money. Considering our capitalist society with very big gaps in wealth, this is not an acceptable thing.
That's not great. These sources of energy could be used more productively. There's also nonetheless tons of it is done on coal.
Public ledgers which do not contain the information needed for taxation - pointless.
There is some but I think most people who want a distributed system will go for a distributed social service like Aether for example.
The people should through the government that establishes regulation. I don't believe workarounds to be solutions to these problems. After all, a sex worker can still not solicit work through social media and would be unlikely to look for help from the government if they need it because their work is prosecuted. Cryptocurrency does not solved that.
Again, I believe in the government needing to bring good laws to solve these problems. I don't believe that deregulation solves these issues. I also think that you have to trust an infinite number of people to trust in a blockchain system, people who are not regulated by law.
You have far too much faith in governments and laws created by humans. Laws change as society changes, and society is usually far ahead of laws in terms of evolution. They aren't real unless people agree on them. Like with weed being illegal federally in the US, but individual states not giving a fuck about federal laws. All governments are corrupt, and will never help solve the wealth gaps. The US government is bought and paid for by corporations. Places like china just control the population through fear. We need separation of money and state to have real freedom.
There is no need to trust people when using Bitcoin. it's a trustless system that uses a consensus algorithm. I would rather accumulate large amounts of wealth and help people than stay poor.
Did you watch the talk by Andreas?
This just means that we need to change our political system to be more wary of that.
Blockchain technology does not help to fix these problems, not sure why it's being brought up.
This is not true, we simply need better states. Money does not equal freedom.
There is, you need to trust that there are no flaws in the system. Programs have flaws - I don't know of any program that is perfect. Not only that but moving to proof of stake means trusting people who have the most money to not collude and create fake money in the blockchain.
If you don't see the accumulation of wealth through the usage of your currency as deeply problematic, I'm not sure what to tell you.
Yes, I have. I think the anger and frustration is misplaced.
Have fun staying poor.
There are better ways to drop out of a conversation than to offer a flippant, and, quite frankly, condescending dismissal of the other person's concerns. Just agree to disagree and move on.