Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by southerntofu on Friday June 25, 2021 @05:53AM
(#27628842)
A blockchain is a way to reach a decentralized consensus, but the devil lies in the details. Who gets to take part in this consensus? On what criteria? Most blockchains are vulnerable to 51% attacks, rendering them quasi-useless to actually distribute trust.
Consensus can also be achieved by trusting a 3rd party in a certain context. Funny that's precisely what BTC people are doing with their exchanges, with Lightning, and even with Bitmain & Cie owning the majority of the network.
Also, you should know historically the luddites were artisans who destroyed the machines (introduced by the bosses) that ruined their lives and work conditions. They were not loonies opposed to any form of technological progress. In that sense, maybe some of us from HN are in fact luddites, because we want the machine to help, not to ruin society and the environment.
Consensus can also be achieved by trusting a 3rd party in a certain context. Funny that's precisely what BTC people are doing with their exchanges, with Lightning, and even with Bitmain & Cie owning the majority of the network.
Also, you should know historically the luddites were artisans who destroyed the machines (introduced by the bosses) that ruined their lives and work conditions. They were not loonies opposed to any form of technological progress. In that sense, maybe some of us from HN are in fact luddites, because we want the machine to help, not to ruin society and the environment.