Centralization of money-related things IMO should be focused more on how that value is distributed, not how transactions are done.
For example bitcoin is a “decentralized system”, yet I think <10 addresses hold like 70% of all bitcoin. Transactions can technically be done by any computer, and ironically value is even more concentrated than most currencies.
So more like a system like Steem where tokens are constantly given to the users (workers) in the system providing value. Although Steem still has many issues I see still needing resolved. My point in mentioning is just that I see a lot of people disregarding the technology simply because Bitcoin was a capitalists wet dream when some current blockchains and potential future blockchains could create a system where there is a lot of balanced distribution while reducing the ability of someone to corrupt the system and take the value from it.
Doesn’t credit card tech suffer from the same centralisation issues that I assume you are working on Lemmy to avoid?
Centralization of money-related things IMO should be focused more on how that value is distributed, not how transactions are done.
For example bitcoin is a “decentralized system”, yet I think <10 addresses hold like 70% of all bitcoin. Transactions can technically be done by any computer, and ironically value is even more concentrated than most currencies.
So more like a system like Steem where tokens are constantly given to the users (workers) in the system providing value. Although Steem still has many issues I see still needing resolved. My point in mentioning is just that I see a lot of people disregarding the technology simply because Bitcoin was a capitalists wet dream when some current blockchains and potential future blockchains could create a system where there is a lot of balanced distribution while reducing the ability of someone to corrupt the system and take the value from it.