Yeah, rent seeking behavior is bad I agree & any protocol or system that incentivizes that is bad. That's not to say that the underlying technology can't be used for good. Crypto doesn't automatically have rent seeking baked into it
I mean literally everyone having access to the protocol & being able to build consensus about money and contracts in a distributed fashion is dank & dope. Imagine a world where after Chevron loses their lawsuit & decides they aren't going to pay.. Except the proles just seize their money. Seems better than having 500 intermediate steps all designed as a Rube Goldberg device by capitalism for capitalism.
BP can spill oil and overnight we could vote to seize every asset they have, makes for a pretty easy redistribution scheme.
The problem with VOTE ideology is you're voting in their rigged game, it's not that people forming consensus is bad... It's that you're wasting effort in a rigged game that could otherwise be used to make actual material gains elsewhere. A cryptocurrency or contract network isn't necessarily rigged.
Yeah, rent seeking behavior is bad I agree & any protocol or system that incentivizes that is bad. That's not to say that the underlying technology can't be used for good. Crypto doesn't automatically have rent seeking baked into it
I mean literally everyone having access to the protocol & being able to build consensus about money and contracts in a distributed fashion is dank & dope. Imagine a world where after Chevron loses their lawsuit & decides they aren't going to pay.. Except the proles just seize their money. Seems better than having 500 intermediate steps all designed as a Rube Goldberg device by capitalism for capitalism.
BP can spill oil and overnight we could vote to seize every asset they have, makes for a pretty easy redistribution scheme.
The problem with VOTE ideology is you're voting in their rigged game, it's not that people forming consensus is bad... It's that you're wasting effort in a rigged game that could otherwise be used to make actual material gains elsewhere. A cryptocurrency or contract network isn't necessarily rigged.