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  1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 07-May-2023 12:45:27 EDT lnxw48a1 lnxw48a1
    > ... an identity-free mechanism that empowers distributed communities cannot avoid over-empowering centralized plutocrats pretending to be distributed communities.

    Vitalik Buterin, _Proof of Stake_, Pt 2, "On Colusion", p. 157

    I've been reading this series of essays by the founder of #Ethereum (also formerly involved with #Bitcoin magazine). They're good reading, with lots of theory discussed by someone much more well-read than I. I love the way he quickly dismisses finance as the primary target of #cryptocurrencies and #blockchains, instead conceiving of a virtualized and distributed computer ... and the way he intently focuses on the costs and benefits of distributed networks and governance systems.

    Note: I still own zero of any cryptocurrencies, despite my belief that minority communities in particular should transact part of their business that way.
    In conversation Sunday, 07-May-2023 12:45:27 EDT from nu.federati.net permalink
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