Re:Tech experts urge Washington to resist crypto industry’s ...
by jcbrand on Thursday June 02, 2022 @03:11AM
(#31592296)
I believe it's estimated c. 10 individuals own c. 50% of Ethereum.
I wrote about Bitcoin, not Ethereum. There are lots of Bitcoiners that think Ethereum is a scam due to the large premine and larping as a decentralized project.
Either way, you're playing the role of a daemon here, whether you realise it or not.
And the devil you are putting on the thrown are a handful of billionaires with power and control executed by a machine.
The fact that you have to start using flowery religious language of condemnation appears to me an indication that you're running out of logical arguments.
Thankfully bitcoin has no army
That's one of its features, which proponents value.
A deflationary asset, like land for example, is not a good currency. As a powerbase, it's called feudalism. And that's not a good politics.
Power in crypto is radically centralised to the owners, not the users (unlike democracies).
One has to imagine people like you know this, or feel it, in the lust for the value increases to your own stake: that is, a lust that you are the one in control. Either way, you're playing the role of a daemon here, whether you realise it or not.
And the devil you are putting on the thrown are a handful of billionaires with power and control executed by a machine.
Thankfully bitcoin has no army, and all of this will fade into the obvious malicious stupidity it already is.