Corporations aren't evil
They are extremely neutral. A corporation doesn't care about silly little things like right and wrong. They care about generating profits. Therefore, to an extent they care about right and wrong in the context of how many assets and liabilities these variables bring to the table.
Lawful
Most of the time they are also lawful because they get a big say about which laws are put into place with lobbyists and other forms of political manipulation. It should be no surprise that behind the scenes many corporations lean right when it comes to political issues to avoid pesky things like taxes and human rights.
Ironically enough, even though corporations don't really care about philosophical constructs such as right and wrong or human rights, they are actually given more legal rights than people themselves. Limited Liability Corporations act as people that can shield the actual bigwigs who control them from harm.
This blatant overreach extends so far that corporations essentially legally own their employees and anything they do. If you work on an invention or product for one second on company time, the corporation legally now owns that invention. Get wrecked.
How did we devolved to this level?
The same way all these things happen: slowly over time with initially good intentions. We wanted to incentivize citizens to take risks by making the possible rewards of said risks much greater than the liabilities involved. LLC passed with flying colors in this regard.
Unfortunately the economy we've become today is completely bloated, corrupted, stagnant, and on the brink of collapse. Dynasties were forged. Old money does what old money does best: try to consolidate even more power and keep that power within the family (tribe). Tribalism has reigned supreme for generations.
Most people are good.
One bad apple ruins the entire batch. Just like a professional athlete might tell you they need to take performance-enhancing drugs to stay competitive, so too might the CEO of a company tell you they need to cut corners in order to stay relevant. After all, if a competing company can run you out of business with lower prices and corner the market afterwards, you can be damn sure they're going to do it. This is capitalism after all.
So we have all of these systems in place that incentivize evil and selfish behavior across the board. Players who become big enough to manipulate the law itself make sure that the punishments for getting caught doing something wrong are less than the gains made.
This is exactly how corporations became people in the first place: lowering risk to incentivize volume and growth. Just like a family can be viewed as a tribe that will protect it's members, so can a group of the world's richest CEOs or perhaps even the central bankers themselves. Tribes protect their members and earn benefits at the expense of others. This is zero-sum game theory in full effect.
This is why we are here.
8 billion people is too many to remain this tribalist. We need to find new ways to build trust on massive scales between large groups. Crypto is the only solution to this problem. Currency is the language of conveying value, and a mysterious entity figured out a way to turn energy into value (POW) that lives directly on the Internet and is controlled by no corrupt agents. In fact, it is controlled by no one at all but the automated network itself. This is magic: and it was given to us for free by an entity who didn't even take credit for inventing the magic.
Even if you're not a fan of the original solution (Bitcoin) it matters very little. Bitcoin has already spawned thousands alternative options, and tens of thousands more are yet to be created.
Crypto Lifeboat.
Corporations are about to be a thing of the past, because corporations can not scale as large as crypto networks: not even close. Corporations will only exists (if at all) as conscripts of the larger networks. It is inevitable: just a matter of time.
We are approaching an era where governance and the economy can no longer keep up with technology. The dinosaurs in charge have burnt the bridges behind them, and they have forced us to enter these lifeboats instead. Not everyone will get out unscathed, but it's certainly better than no chance at all. Tread carefully.
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kill-process.inc
The laws are outdated and most of them are built to help the corporations. There needs to be changes in that direction but I don't expect anything happening on that front given the corrupt politicians.
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I pity the poor people who's governments throttle their internet, making crypto very hard to access and use...
Without the internet, there is no crypto.
There are very interesting mesh network ideas out there that could eliminate many of these problems of digital distribution.
There are so many ideas out there that could do so many things. What matters most is what is actually available, and working properly. There is no more time. We need crypto now (and we need it to be private and decentralized which it still is not).
It's modern day slavery. We have the illusion that the cage door is open and we can leave anytime, but not really. It's like some sort of psychological trauma to "quit" or be "fired", like it's worse than death. That's how a slave in an abusive relationship feels if a master releases them or forces them away. Freedom is HEARTBREAKING. "Please, sir. Just put me back in the cubical. Put me back on the line. Plug me back into the matrix, where it's familiar and stable and safe. I'll be good. Mask me, vax me, tax me, fleece me, slaughter me, anything, just don't be mad at me. Baaah."
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yikes
"We wanted to incentivize citizens to take risks"
If that's where it all started, my question is, whose idea was that?
Hardly seems relevant. Doesn't matter who's idea it was, it became consensus and it all happened before anyone was even born. And to assume that things would have turned out better if it hadn't gone down like this... is just blind speculation.
What happens when corporations start buying big chunks of the crypto? Making them have the monopoly of holdings since most ordinary people tend to start selling their holdings when they think their price of right. After all corporations don't agree and in fact get bigger as time goes by.
No one can have a monopoly on open-source code.
There's a reason why corporations have taken their sweet time entering this market.
They know they can't control it.
I get open source. Am more asking about the big acquisition of the tokens. This would mean control of let's say the blockchain.
Am thinking steem/sun scenario but on the Bitcoin level.
Does that make sense or am I just being to paranoid.
And what happened in the Steemit/Sun scenario? We forked and took all his power away. In the grand scheme of things it was a non-event. So yeah it will be a huge deal while it's happening and then everyone will just forget about it because it ended up not mattering that much.
Communities can't be bought out when they can just fork to a new network, and in the case of Steemit our poor distribution was exploited to the maximum to pull it off. Bitcoin has no such distribution flaw.
Even if the acquisition of said token was legitimately bought from the people that held them?
Wouldn't that mean the system is flawed. What stops us from forking anytime we disagree on something?
I mean. You can't fork shit out just because your losing your position. In fact would it not mean also that if there is a concerted effort a corporation hell bent on control could in essence then just plan a said fork them selves prior to a full take over? I think the reason Justin failed in his bid was because he didn't plan a fork himself to begin with.
We can call a win now that we have hive but did we really win since we are the one that left the original turf. We withdrew essentially from a losing battle in the end and we covered the withdrawal by just creating a spin off.
Is that winning? I'm inclined to say with the right price i would sell my stake. Is not much but heck of I'm willing to sell for a price hour much more are others. Image in my head springs into picture the gentrification of slums into high priced areas no longer affordable by the poor bastards that used to live their, becoming homeless due to low of housing.
I know it's becoming a tangent but you see what I mean though right? Again I think I am being too hypothetical.
Nothing stops anyone from forking. That's the entire point. The question becomes: who's going to support that version of the code? Who's going to put their value into that network?
There is a huge overhead cost when trying to create a new network. It's a lot of work and they need a lot of support. The disagreement has to be valid or no one will come into consensus with the new network. Anyone can fork Bitcoin at any time and give themselves all the coins. No one cares; no one will follow that fork.
So then it means of is all gobbled up in the most stable and accepted iteration we basically screw or network by selling our tokens. But if we don't sell them we basically don't benefit from them either. In the case of Bitcoin.
As for hive since it's proof of stake we would lose our say in the current stable iteration. And forking would mean we just sore at losing.
This is doing my head in. Too much what ifs. Great Scott's!?
Sounds like you are having verbal diarrhoea lol
And yes I know about the start of the internet being a military concept.
And no they are now trying they are just going to do it in drips and drabs and the question is will you stop everyone from selling their stake in web3.0 because we are all greedy.
Therefore, the question remains: Will crypto be able to achieve this and accommodate not, say, 8 billion, but one billion
What will the market be like in a few years?
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I think it's pretty obvious that crypto is actually leaning into tribalism.
There are already thousands of them with tens of thousands more to come.
Crypto as a whole will be able to accommodate 1B people but I highly doubt that they would all be using the same one.
There's also the issue of user experience.
Networks with the most users will also be streamlined and super basic,
to the point of the users not even realizing they're using crypto.
Lots to think about.
There is no end-game.
The game of evolution never ends.
Evilcorp reminded me immediately of the Mr Robot series. A great series, I really enjoyed it. Have a nice day!
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I refer to this in the first reply, the Dark Army blows up Evil Corp's facilities 😁
Indeed I did steal that from Mr Robot 🤖
I think the government should make the crypto available for all, for those in the urban and rural area. This could go a long way in helping the poor. And in anyway make the internet free for them to access.
Boom!
This:
https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.lessitermedia.com%2Flessiter-link%2Fmike-drop-takin-care-of-business%2F&psig=AOvVaw3aLxQ0OM_JlQgVzmyocrPB&ust=1618565594011000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCJjB_-v4_-8CFQAAAAAdAAAAABAD
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This whole system was built on the concept of scarcity, which is completely outdated. Crypto is a way of building a new system based on abundance.
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Right and wrong is a dialog for slaves.
Only if we in North Africa
I seen a quantum xbox-360 PC once
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Well well, you must be refering to Satoshi Nakamoto!
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I wonder if Noah was a crypto guy too.
!WINE
It is certainly going to be interesting to see how gets on board with this and rides it out and who falls to the wayside. This was a great post. Very thought provoking!
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Nice post. I work for an extremely big company. What I can say is that they are extremely political correct (BLM etc.). An possibility is to buy crypto.domains for the business areas they are involved in.
GREAT WORK
A lot of people are about to find out that the problem isn't with the system: it's their own damn fault.
The playing field is being flattened, but still the vast majority of people are going to get wrecked.
They simply don't have any kind of proper money management skills to build wealth in any environment.
There will likely be a crypto network fully devoted to just teaching people how to avoid these setbacks.
LEO is honestly a good candidate.