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Bitcoin's decentralised nature is not a feature, its a bug

viswanath.xyz

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Re: Bitcoin's decentralised nature is not a feature, its a bug

#2
It’s a feature, in the same way that the decentralized nature of white collar crime is a feature. The bug is in the people who naively believe that technology changes human nature, rather than empowering it.

Those people need to be locked in a small room with an excellent library to study history for at least a year.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#3
post #2

It’s a feature, in the same way that the decentralized nature of white collar crime is a feature. The bug is in the people who naively believe that technology changes human nature, rather than empowering it. Those people need to be locked in a small room with an excellent library to study history for at least a year.

You start out with a good point, but the idea that there is one default human nature isn't right.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#4
post #3
post #2

It’s a feature, in the same way that the decentralized nature of white collar crime is a feature. The bug is in the people who naively believe that technology changes human nature, rather than empowering it. Those people need to be locked in a small room with an excellent library to study history for at least a year.

You start out with a good point, but the idea that there is one default human nature isn't right.

Individuals don’t really matter in the calculus of billions of people. The dominant trends are frankly old, and persistent.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#5
post #2

It’s a feature, in the same way that the decentralized nature of white collar crime is a feature. The bug is in the people who naively believe that technology changes human nature, rather than empowering it. Those people need to be locked in a small room with an excellent library to study history for at least a year.

You could say the same thing for historical approaches to central planning of anything. Plenty of good and bad to go around.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#6
post #4
post #3

Earlier quoted context omitted.

You start out with a good point, but the idea that there is one default human nature isn't right.

Individuals don’t really matter in the calculus of billions of people. The dominant trends are frankly old, and persistent.

The bandwidth, latency, and fidelity with which information is transferred between individuals has changed the calculus of billions of people dramatically.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#7
Do people who didn't make any money off of crypto just upvote any crap Bitcoin article that has a negative connotation in the title?

Fact: There are pros and cons to decentralizing a system. Some alleged pros to the centralized system were not described in any technical detail in this article.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#8
post #4
post #3

Earlier quoted context omitted.

You start out with a good point, but the idea that there is one default human nature isn't right.

Individuals don’t really matter in the calculus of billions of people. The dominant trends are frankly old, and persistent.

The out come has changed over time, and that's what science says, not my personal observation.

Re: Bitcoin's decentralised nature is not a feature, its a bug

#9
post #7

Do people who didn't make any money off of crypto just upvote any crap Bitcoin article that has a negative connotation in the title? Fact: There are pros and cons to decentralizing a system. Some alleged pros to the centralized system were not described in any technical detail in this article.

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