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A comment on Blockchain isn't about democracy and decentralisation – it's about greed. Parent comment

Re:Blockchain isn't about democracy and decentralisation – i... by dragontamer on Monday October 15, 2018 @10:59AM (#18220219)
> Well to be honest all human history can be described down to greed - all wars, conquests, colonisation, banking, investing, stocks and more. It's all about making profit.

Blockchain's early history was basically crypto-nerds trying to find a new application of cryptography. Back then, people would give away Bitcoins for free in "Bitcoin fountains", and discussion focused on protocol issues and other aspects of building the technology.

Greed came into the picture long afterwards.

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Re:Blockchain isn't about democracy and decentralisation – i... by f055 on Monday October 15, 2018 @11:05AM (#18220287)
Well this scenario applies to so many fields. Social media was a fun way to interact with friends. Then people started to show off professionally and endorse products for cash. Greed. "Greed is good" ;)
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Re:Blockchain isn't about democracy and decentralisation – i... by dragontamer on Monday October 15, 2018 @01:19PM (#18221612)
I think "Greed can be good" is really what people should realize. Greed is bad in many situations. But if you design your system SUCH THAT Greed is good, then the system will survive.

Bitcoin has a bit of "greed is good" built in: the bitcoin miners are the mechanism that provide timestamps to the whole system. But higher-levels of greed were not accounted for (ex: ASICs farms using up so much electricity that the carbon footprint of BTC is HUGE now).

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