Mr. Jeff Cliff, BSc(CompSci)@strypey every generation does this. Some start out as outsiders, gradually become Power. Trump, too was an outsider at one point.
@strypey the CIA to this day isn't happy that he's in.He was never a regular joe,but he was not considered part of washington.
Danyl Strype@jeffcliff how can communities take crypocurrency and blockchain applications back from the Vulture Capitalists?
@strypey I'm starting to think there's something inherent in process of creation of things like bitcoin that they get eaten by VC.
@strypey ironically, a prediction just came up that VC would somehow be "different" this year compared to past. I don't think that panned
@strypey but in the process our struggles become more shared.
@strypey Turns out that running mining algo on desktop eventually lead to choosing sides in conflict with china "insiders". Who knew?
Bob Mottram@strypey @jeffcliff this is an interesting question. The vulture capitalists depend upon two things:
i) centralisation of the chain of value production, usually by arranging some hierarchical social relations with contracts
ii) extraction of value from the system in a zero sum fashion. The critical part is that this is value which they themselves have not produced. To be a true capitalist you need to be riding on other people's efforts.
There's a problem for blockchains as I understand them in that they actively facilitate both of these steps. To get down to the nitty gritty:
i) The ability to solve blocks needs to be decoupled from the ability to command large amounts of Capital.
ii) Technical trust mechanisms, via encryption et al, need to be coupled to social trust ones. Bonds of real affinity or friendship, etc. This would make it hard to simply "do a runner" with value extracted via some asocial or antisocial methodology.
i) centralisation of the chain of value production, usually by arranging some hierarchical social relations with contracts
ii) extraction of value from the system in a zero sum fashion. The critical part is that this is value which they themselves have not produced. To be a true capitalist you need to be riding on other people's efforts.
There's a problem for blockchains as I understand them in that they actively facilitate both of these steps. To get down to the nitty gritty:
i) The ability to solve blocks needs to be decoupled from the ability to command large amounts of Capital.
ii) Technical trust mechanisms, via encryption et al, need to be coupled to social trust ones. Bonds of real affinity or friendship, etc. This would make it hard to simply "do a runner" with value extracted via some asocial or antisocial methodology.