Prior to the merge ethereum’s trust was controlled by the organizations with the most money who bought/built massive data centers to mine it. With the merge & staking that abstraction layer has disappeared and it’s still the organizations with the most money who control it. Sure it’s great that non-productive math problems no longer need to be solved & consume so much energy and hardware to make it all work. And it m…
> liberation of people from massively powerful banks and governments The difference between business and governments is that in business every dollar has a vote, whereas in a democracy every adult has a vote. "liberation of people" can only happen by having a working democracy. And a working democracy can only exist when there is (democratically elected) government. So it's not like people should be liberated from go…
Re: The Ethereum merge is done
#1001This is correct. Look towards "proof-of-personhood" protocols and other crypto projects that ensure one-person-one-vote voting - popping up now. Online democracy is coming and has only in the last couple years been doable safely, anonymously (and frankly, I'd like a few more years/decades of that being proven out in the wild before I'd trust it). We needed zero knowledge proofs to do it anonymously. We still need a somewhat-better proof-of-identity system but just passports and networks of people vouching for each other should carry us pretty far to start.