this post was submitted on 13 Nov 2024
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submitted 1 week ago by [email protected] to c/whitepeopletwitter
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[–] [email protected] 7 points 1 week 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.

[–] explodicle 6 points 1 week ago (1 children)

Today's inequality was created by the Cantillon effect.

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

What happened in 1972?

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

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

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

Soviet Union launched Venus-8