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A comment on Blockchain is not only crappy technology but a bad vision for the future. Parent comment

Re:Blockchain is not only crappy technology but a bad vision... by fnord77 on Tuesday January 18, 2022 @07:54AM (#29978288)
we've steadily moved away from serfdom under centralized government and banking for centuries.

yet suddenly because of the actions of a couple private companies, we're going to suddenly go back to serfdom? This makes no sense.

it's impossible to go back to serfdom - the economy is too large and diverse and people are too literate.

sorry, but this is just a doomer fantasy at best

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Re:Blockchain is not only crappy technology but a bad vision... by CryptoPunk on Tuesday January 18, 2022 @07:10PM (#29988092)
Serfdom was abolished long before central banking emerged in the US.

The institutions created since the creation of the Federal Reserve, like a vast regulatory apparatus that closes off economic opportunities for the masses, and income taxation that abolishes privacy rights while seriously diminishing private property rights, have taken society toward serfdom.

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