@lud We used to delegate power to a smaller group. Now the group is delegating itself. That's why today, you are calling it an establishment, and not a government.
The only thing the "normal people" must do is participate in the decision making process. The implementation itself will be delegated to a smaller group indeed.
@lud decentralized governance doesn't mean there won't be any governance at all. There will still be policing, taxes and social services. The difference is that in governing process we will all participate, not only a herd of politicians which decide the fate of everyone else.
Take example the Monero system. When there is a network upgrade it can be proposed by anyone on the forum and if everyone agrees it will get implemented. if there are disagreements they will be put on the table.
@lud decentralizing the financial system is basically the first step. Then slowly you decentralize most of the social system components: education, sick care, transport, food chain etc. At the end you replace the political law with natural law. Everything will be based on rights.
@lud @helenslunch Just because most idiots only use cards these days, it doesn't mean that only criminals use large amounts of cash.
I only use cash, to prevent the CBDC scams from ever implementing. I also use large amounts. Need to pay rent, buy a car, borrow money to family and friends etc
@monerobull @tusker is not only an issue, it is awful. Some people barely afford a storage drive of half a TB. Many nodes are actually ran on raspberry PIs.
And that 150gb is growing exponentially according to adoption. We could easily exceed 2TB every 10years.
Now, someone has to wait hours to sync the block chain already.
@SummerBreeze before migrating to BTC shitcoin I would rather go back to fiat. At least fiat is visible to the establishment. BTC shitcoin is visible to the whole world.
Did anyone told that guy about the mindset of XMR users and human rights defenders?
@tusker This should be a good idea. Also users who keep their funds as a mean of wealth storage can just move their funds into a new wallet every 10 years.
This would also help with eliminating the lost coins of wallets whose recovery keys have been lost. It would increase the value of the coin continuously.
@nabio @LobYonder no is not imposed.
You just tell yourself...."convenience". Since 2008 we have alternatives wide spread.
What I can definitely say is that real assets can be stolen/confiscated from you, therefore, it does not have stable value. Monero on the other side can not be subject to these events. Monero might not be perfect but is the best we have at the moment. Satoshi themselves agree with this.
The regular 4% inflation clearly proved over time that is not beneficial. there is an alarming percentage of population which is homeless, and living in foreign houses on high rents.
Monero has a constant inflation of 1%. Actually less than that due to people that loose coins. I can not say if this is the sweetspot to both help economic growth and social prosperity. Only time can say this. NOT THE ECONOMISTS.
@GregorTacTac @n3m37h a regular bank has about 1000 branches in a single country to feed energy to.
Not even counting the central servers that process transactions.