this post was submitted on 13 Nov 2024
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[–] taladar@sh.itjust.works 28 points 2 days ago* (last edited 2 days ago) (1 children)

Congratulations, now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network which means only very, very large subjects (or ones where trust wasn't very important in the first place) ever even have a chance of that not happening. What do you say? Your technology doesn't scale to very, very large subjects because of abysmal transaction rates?

[–] prototype_g2@lemmy.ml 6 points 1 day ago (1 children)

now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network

Yup. Very well said. People don't realize the extent of wealth inequality (and how ridiculously resource intensive blockchain tech is). If anything important were to be decide by a blockchain, the top 1% would control the network.

More on wealth inequality here.

[–] explodicle@sh.itjust.works 6 points 1 day ago (1 children)

Today's inequality was created by the Cantillon effect.

[–] davidagain@lemmy.world 4 points 1 day ago (1 children)
[–] uis@lemm.ee 1 points 1 day ago

Soviet Union launched Venus-8