Re:SBF scheduled to testify tomorrow at US House hearing on ...
by moonchrome on Monday December 12, 2022 @02:05PM
(#33958741)
It's not lazy - it's efficient.
Centralization is an optimization, fragility/trust/single point of failure being tradeofs.
The old joke being that if an economist designed humans we would share one kidney between 3 people instead of having a redundant one.
Re:SBF scheduled to testify tomorrow at US House hearing on ...
by stcredzero on Monday December 12, 2022 @03:30PM
(#33959817)
I don't think the /s is needed, decentralization of "power" or "authority" has never worked.
Yes it most likely has. It's just not absolute. There's a very strong argument that all of history is supporting data for all societies and governments being on a spectrum of centralized power, with the more decentralized ones being better for the common person.
What does work is centralise powder and authority with democratically chosen rules and regulations. It's the easy option, and it works. Fundamentally that's the thing "crypto" misses, those democratically created rules are there to protect the masses from the few. Unwittingly (?) the creators of Bitcoin actually created the greatest tool ever for financial crime and defrauding the unwitting general public when they were actually trying to empower them.