Governments are centralized control. Just take a look at the current US administration, and the economic sanctions they pushed left and right. You trust them to keep their hands off transactions happening within their own country?
As I see it, the development of anti-capture systems aren’t about actually preventing capture. Rather, they are to delay the inevitable and to make it so that when a “reset” happens, the good parts of a civilization aren’t too damaged when replacement happens.
Ideally, the next civilization(s) to arise from the ashes should inherit the best bits of whatever came before.
In the meantime, I haven’t seen any way to prevent companies from unethically exerting their will over the public that works any better than involving multiple parties in it that are not necessarily aligned and do your best to prevent collusion
This is just decentralization. This is literally what I alluded to in my root comment. Crypto solves these problems
manipulated by whales? are you talking about 51% attacks? censorship? Can you link some concrete examples of major crypto coins getting manipulated? I think there was a potential 51% attack on Monero but IIRC nothing actually happened.
I would argue that your examples are about manipulation of people, not of the currency. Similar to the craziness of the GME (Gamestop) era, where it felt like everybody and their dog started buying GME stock. Or, say, a news outlet causing panic and a bank run. Though you’re right that since crypto still doesn’t have broad adoption, it’s easier to manipulate the smaller userbase.
Manipulation of the currency would be more like the government printing more money. This is not possible in crypto, where power is decentralized.
The instability is definitely unfortunate though. It’s a chicken and egg problem. If crypto had wider adoption, and was accepted in many stores, then it would become more stable. Just look at how much more stable the big crypto coins (bitcoin, eth) are compared to smaller altcoins. However, due to low adoption it’s still quite unstable, and that instability hurts adoption 🙃
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Governments are centralized control. Just take a look at the current US administration, and the economic sanctions they pushed left and right. You trust them to keep their hands off transactions happening within their own country?
This is so naive it hurts, though. As if there weren’t literally thousands of years’ worth of tales of corruption and failed regulation to learn from.
I, too, desperately want to believe that democracy can still work despite capitalists having captured it. But I dunno…
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As I see it, the development of anti-capture systems aren’t about actually preventing capture. Rather, they are to delay the inevitable and to make it so that when a “reset” happens, the good parts of a civilization aren’t too damaged when replacement happens.
Ideally, the next civilization(s) to arise from the ashes should inherit the best bits of whatever came before.
So it’s all Political Entropy, huh?
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This is just decentralization. This is literally what I alluded to in my root comment. Crypto solves these problems
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manipulated by whales? are you talking about 51% attacks? censorship? Can you link some concrete examples of major crypto coins getting manipulated? I think there was a potential 51% attack on Monero but IIRC nothing actually happened.
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I would argue that your examples are about manipulation of people, not of the currency. Similar to the craziness of the GME (Gamestop) era, where it felt like everybody and their dog started buying GME stock. Or, say, a news outlet causing panic and a bank run. Though you’re right that since crypto still doesn’t have broad adoption, it’s easier to manipulate the smaller userbase.
Manipulation of the currency would be more like the government printing more money. This is not possible in crypto, where power is decentralized.
The instability is definitely unfortunate though. It’s a chicken and egg problem. If crypto had wider adoption, and was accepted in many stores, then it would become more stable. Just look at how much more stable the big crypto coins (bitcoin, eth) are compared to smaller altcoins. However, due to low adoption it’s still quite unstable, and that instability hurts adoption 🙃