this post was submitted on 13 Nov 2024
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[–] prototype_g2@lemmy.ml 5 points 13 hours 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@sh.itjust.works 3 points 10 hours ago (1 children)

Today's inequality was created by the Cantillon effect.

[–] davidagain@lemmy.world 3 points 8 hours ago

What happened in 1972?