Serious question, why do we give so much power to these tech firms such as Google, when really the solution is decentralization. We have some solutions for money with bitcoin, but there still doesn’t seem to be a viable alternative with a search engine that is decentralized?

  • ghost_laptop
    36·
    4 years ago

    Although I know you are right, I kinda feel the whole energy consumption issue isn’t a big thing, or rather it wouldn’t be if miners would be able to use green energy for them, I don’t care if it consumes a lot of energy if it could help to create a decentralised and fungible currency.

    And while BTC certainly has it flaws at least it helped to the creation of better forms of the same concept which could help to achieve that, like Monero or Pirate Chain.

    • PyotrGrowpotkin
      42·
      4 years ago

      would be able to use green energy for them

      you do realize that producing green energy is quite energy intensive right and most of the materials are non recyclable?

      Using the green energy we produce to keep a network of money for speculators running is just beyond silly.

      The cryptocoin gang are so detached from reality its not even funny at this point.

      • throwaway96581
        1·
        4 years ago

        Proof of stake is simply giving new money for free to those who are already rich. Proof of work means that there was a verifiable cost behind each coin produced, so was not just handed out for free to the rich.

        • roastpotatothief
          1·
          4 years ago

          I’ve always been curious about “proof of being a human” but in not sure if any system has seriously experimented with that.

          • throwaway96581
            1·
            4 years ago

            When we have an decentralised global anonymous or private ID system, it would be the best and most fair way to distibute an decentralized currency.

            Thus a decentralised global anonymous ID system would probably be the most important system in humanities evolution in order to create a fair world.

            • roastpotatothief
              1·
              4 years ago

              How would it work then, practically? How would you prove your ID corresponds to a real human? Even better, is it possible to prove every ID corresponds to a unique human?

              • throwaway96581
                1·
                4 years ago

                Great questions. Not sure how it would work and if we could make it work. I think MS is working on a solution. But I’m not sure it’s such a good idea if everyone on earth was dependent on the technology of one company for their identity.