@ahanon @purplepeopleeater
From what I understand, the chain was forked to revert the hack and return people's money, right? Not sure it could happen today for Ethereum.
Ethereum might not be the best example of decentralization.

Charles boosted

There is a path out. Instead we should have governing bodies rally around & *demanding* people-empowering decentralized solutions. Solutions which give agency to all citizens. Solutions without centralized gatekeepers, but which also empower communities to self-govern & moderate.

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@ahanon @purplepeopleeater
I don't understand your point here. The DAO failed because it was hacked. It was a technical failure. Many more DAOs now exist that don't have those technical defects.

@ahanon @purplepeopleeater

I think all sorts of interesting applications are being brought out. I think it's unfair and unproductive to dismiss them all because of political sentiment.

@ahanon @purplepeopleeater
I don't believe all blockchains project are about making money for a company. Individuals want to make money through those projects, sure, that's natural. But the projects have goals beyond money-making, and that's what should drive their value and their network. For example, I respect the IPFS project, and filecoin is there to support it, so I'm willing to give it the benefice of doubt.

@ahanon @purplepeopleeater
Nothing is perfect, I don't really believe in utopia. I agree that monetization can become problematic in that power corrupts, and money becomes power. I don't see how that's avoidable, though. It's human nature to seek more for oneself. What these systems try to do is to align human nature with larger goals through these incentive mechanisms.
I think we've yet to see those projects succeed or fail. Failure is part of progress too.

@ahanon @purplepeopleeater

I'm not talking about "the economy". I'm talking about "economy" as a natural social phenomenon in human societies.

@ahanon @purplepeopleeater I don't see how this limits freedom. I don't see how this implies feudalism.

It's a basic economic problem. Providing internet services has a cost. That cost has to be absorbed. By rewarding service providers proportionally to their service, not only is the cost absorbed but people can be incentivized to provide a better service and make a livelihood out of their service (if it is valued enough).

How do you think it should work?

@ahanon @purplepeopleeater human interaction is its own incentive. Monetizing human interaction may have perverse effects, indeed. Not seeing a need for a crypto token there.

Consider filecoin & IPFS. You can choose to participate in the IPFS network, and replicate & serve data for free.
But if you want to make sure important data is sufficiently replicated at all times, you need to provide an incentive. With filecoin, hosting and serving data on IPFS is rewarded.

Hello indieweb.social! I'm a newby to the indieweb, and building my home @ www.charleslanglois.dev. Looking forward to making it awesome(or, well, to my standards)!

@ahanon @purplepeopleeater The way I see it, blockchains are a tool for distributed networks(validated tamper-proof distributed storage) and incentive-driven decentralized applications.
I don't see comodification as inherent to blockchain systems, it's a way to address the incentive problem. Not all applications require an incentive to function, but some do, or at least to scale.


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