now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network
Yup. Very well said. People don’t realize the extent of wealth inequality (and how ridiculously resource intensive blockchain tech is). If anything important were to be decide by a blockchain, the top 1% would control the network.
Yup. Very well said. People don’t realize the extent of wealth inequality (and how ridiculously resource intensive blockchain tech is). If anything important were to be decide by a blockchain, the top 1% would control the network.
More on wealth inequality here.
Today’s inequality was created by the Cantillon effect.
What happened in 1972?
Automation, computers. It was the early '80s that the Australian tax office started automatic processing of tax, removing maybe 30,000 jobs
Soviet Union launched Venus-8