News for hackers. Stuff that matters.
Re:Proof-of-stake is inherently self-referential by young_unixer on Friday May 21, 2021 @02:01PM (#27237581)
Governments rely on physical violence to exert their power. Crypto "elites" don't.

I see no problem with someone hoarding a lot of money/crypto through non-violent means. I see problem with someone using physical violence or coercion to oppress people.

Re:Proof-of-stake is inherently self-referential by toofy on Friday May 21, 2021 @02:24PM (#27237908)
It’s probably more useful to use “coercion” rather than limiting it to violence.

The threat of losing something one finds important is incredibly serious whether it’s through slow motion coercion or fast paced physical violence. You’re being threatened either way.

Concentrated power absolutely exerts coercion in more ways than just through governments.

Re:Proof-of-stake is inherently self-referential by cube00 on Friday May 21, 2021 @02:14PM (#27237754)
Until violence is used to gain access to people's key chain passwords.
Re:Proof-of-stake is inherently self-referential by jude- on Friday May 21, 2021 @03:18PM (#27238657)
With enough wealth, you can buy violence. Wealth inequality begets power inequality.