21 sats \ 5 replies \ @jk_14 29 Aug 2023 \ on: We don't need decentralization everywhere. bitcoin
to set the foundation for honest, grounded, centralized companies
very nice oxymoron, indeed... LOL
"All power tends to corrupt, and absolute power corrupts absolutely." (John Dalberg-Acton)
write
preview
21 sats \ 4 replies \ @birdeye21 OP 29 Aug 2023
hence the italics lol. at least in bitcoin's case, power cant be consolidated via money hoarding
that certainly changes the dynamic between company and consumer, in a much healthier way imo
If you're saying nothing centralized can be (or at least remain) honest or grounded, try thinking beyond fiatville, or about everyone in the world that would love to create something and stamp their own name on it. Own it. Profit from it. Nothing wrong with that.
reply
21 sats \ 3 replies \ @jk_14 29 Aug 2023
If you're saying nothing centralized can be (or at least remain) honest or grounded,
No, but it's rare like Satoshi Nakamoto. Greed is main fuel of companies/corporations. They are trying to gather more power by increasing their market share, and... "All power tends to corrupt, and absolute power corrupts absolutely." ;)
reply
21 sats \ 2 replies \ @birdeye21 OP 29 Aug 2023
yes i agree that's the case now, but my point is that...bitcoin fixes that.
reply
0 sats \ 1 reply \ @jk_14 29 Aug 2023
hopefully, still waiting for global adoption ;)
reply
25 sats \ 0 replies \ @birdeye21 OP 29 Aug 2023
reply