this post was submitted on 18 Aug 2023
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No, the nuance is in the number of people who confirm the change, they must be 50% +1.
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.
That's simply the way real decentralization works, I'm afraid.
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.