Actual Democracy (will of the majority) is not a scam, reason capitalist west doesn't have actual Democracy is because everything is driven by money, and Capitalism is what drives all this. Capitalism itself is undemocratic & not compatible with Democracy.
Post by twetch#9568
Bitcoin will align market incentives going forward so it's all a moot point
i reckon it is time to move on from this these tired narratives
What the chain says
- Block
- 625 781
- Time
- 2020-03-11T18:16:15Z
- Signer
- 1JGVXJYFj9tsQrsLwhTrKPjSEdTBbwXmwb
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#9568
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1JGVXJYFj9tsQrsLwhTrKPjSEdTBbwXmwb VerifiedReposted by (1)
Replies (2)
Not at all, every business that is built USING Bitcoin as medium for data storage, Tx etc, is not Bitcoin system, its separate system which is controlled by someone. So how Twetch incentives for example work depends on owner of Twetch, not on Bitcoin.
PoW is what has properly aligned incentives because PoW system gives reward to those that did the work only, not stake holders like PoS/Capitalism). I can see people are not able to distinguish Bitcoin system and PoW system which is sub-system of Bitcoin.