ammonium

joined 1 year ago
[–] ammonium@lemmy.world 3 points 5 months ago* (last edited 5 months ago)

You have zero power as a citizen over the currency you use. You do not directly vote for the Central bankers, Federal Reserve board, etc. Even the politicians you might vote for who appoint them will almost always side in their own favor than their constituents.

I didn't say it's perfect, but it's not zero power.

You are also confusing Bitcoin’s Proof of Work with a shitcoin’s Proof of Stake, which is where wealth gives you more votes.

Proof of stake is arguably even worse, but the energy required for proof of work isn't free either (and that's by design, if it was free Bitcoin wouldn't work).

As for the hash rate you’re contributing as a miner, there’s no additional power you’re given. Even if you attempted to 51% attack the network, it’d be gaining nothing beyond a double-spend by rewriting the blockchain transaction.

There is more than double spending. Who decides how Bitcoin evolves? When new features are added, hard forks, etc. How much power do you have over that?

https://www.bitcoin.com/get-started/what-is-bitcoin-governance/#what-is-a-bitcoin-hard-fork

How ever you turn it, at best it's a shitty version of democracy.

Fundamentally money is all about trust, and I, despite all it's flaws trust my government much more than a random group of developers and miners.

[–] ammonium@lemmy.world 3 points 5 months ago (11 children)

Fiat currency is controlled by the government over which we have a bit of power (for those of us who live in a democracy).

Bitcoin is by definition controlled by those who have the power and thus the money to mine. It's a bit like democracy only that the more money you have the more votes you have.

[–] ammonium@lemmy.world 2 points 6 months ago

None of those companies even make a blip on global chip production though

Neither does TSMC, high end chips is just a tiny part of the number of chips (albeit an important and lucrative part of the market).

TSMC is alone at the top is because it's so damn expensive and the market is not that big, there's basically no place for a competitor. Anyone trying to dethrone them has to have very deep pockets and a good reason not to simply buy from TSMC. The Chinese might be able to pull it off, they have the money and a good reason.

[–] ammonium@lemmy.world 12 points 6 months ago (15 children)

Designing a chip is something completely different from manufacturing them. Your statement is as true as saying TSMC is such a stupid company, all they are doing is using ASML machines.

And please tell me, I have no clue at all who you're talking about.

[–] ammonium@lemmy.world 1 points 6 months ago

No, of course not

[–] ammonium@lemmy.world 5 points 6 months ago (2 children)

We are ready to reunite Luxembourg any day now, better get ready to move to the be tld.

[–] ammonium@lemmy.world 5 points 6 months ago

No, the GPLv3 changes nothing in this regard.

[–] ammonium@lemmy.world 3 points 6 months ago (1 children)

That doesn't really make much sense since salted and pickled foods are eaten up north. The more logical explanation is that spicy food doesn't grow up north.

[–] ammonium@lemmy.world 2 points 7 months ago

Are the bacteria inside you part of you?

[–] ammonium@lemmy.world 2 points 7 months ago

They might realize that increasing wealth inequality might not be good for them either on the long term. They are so rich that losing 99% of their wealth doesn't have any real impact on their day to day life anyway.

[–] ammonium@lemmy.world 13 points 7 months ago (1 children)

Trade with the EU hasn't completely halted, we still buy gas from Russia.

[–] ammonium@lemmy.world 3 points 7 months ago

Wasn't this confirmed to be an AdBlock (Plus) bug? https://twitter.com/gorhill/status/1746263759495077919

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