Post
Topic
Board Speculation
Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
by
Qoheleth
on 14/04/2013, 01:47:45 UTC
LMAO! I didn't do it! I've been gone for a couple of years.

I'm just the kid saying that guy over their in the Emperor's Clothes... He's the Emperor.
Why are you people naked?
It's absolutely bullshit. I got into a similar argument just a day ago with someone on here who believed the current Masons rule the world. Basically the illuminati is whomever happens to be rich and successful to these people.

So what? If you're poor and you work hard and become rich now you sold out? Now you're officially part of the Rothschild clan and a charter member of the Illuminati? So if you just join a lodge today then all this money and power will fall right into your lap without you having to have good character?

It's all crap. People who don't want to research about how the world works, or who don't want to put in any effort to learn certain things. Bitcoin is open source, if it makes people rich then that is a good thing. How is it wrong if peoples lives improve along with Bitcoin?
Are you reading the thread? None of those arguments are arguments that Red has put forward - I haven't seen any posts by them arguing that the current distribution of coins is the problem.

The argument I have seen from him is that the exchanges, by virtue of their necessity in the current economy, already possess a veto power over which chain is the "true" transaction record, which transcends the "longest chain" logic that justifies calling Bitcoin decentralized to begin with. They're arguing that if the exchanges wanted, they could declare some abandoned fork to be "the REAL Bitcoin" and since most users right now (more critically, most miners) need to be able to exchange their coins for money reliably, they will have no choice but to agree. They're arguing that in the current economy, the longest chain and the miners and the decentralized design only matter because the exchanges haven't chosen to flex that power.

That's a problem, and has nothing to do with ideology.

Edit: Added a quote back in to make the context of my post clear.