Row 44015

Row ID: 44015 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 44015 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I would say the issue here is mismatched incentives indeed, but that's a problem for every blockchain that has one set of people as users, and another much smaller set as block creators. That smaller set of block creators is a centralised group, so this is a centralisation issue.

The only way around such things is a broad decentralisation of consensus power, and on-chain governance, so that users can have the say on what decisions get made. Very few cryptos actually do, or aim to support that.

Bitcoin, Ethereum and Solana are dictatorships, the only difference being whether the dictators are benevolent or not.

FieldValue
text I would say the issue here is mismatched incentives indeed, but that's a problem for every blockchain that has one set of people as users, and another much smaller set as block creators. That smaller set of block creators is a centralised group, so this is a centralisation issue. The only way around such things is a broad decentralisation of consensus power, and on-chain governance, so that users can have the say on what decisions get made. Very few cryptos actually do, or aim to support that…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9lRXFzSnRCbG9fMnp0QVZ3Sm9PSDNCOW94bzBKRTEtTlRxNmdjMWRqVWNDaFAzNTh5VkhBY0Npb1ZyS3pMV2RBa0I0WFMyd29pVGdaRVlMQkxxRmgtUGduajJGSnZXRVlOME1rWjlUUUJQeEhjM1VBZGJ0UVo3MWEwaEh6YmctX0wyUzh1RHZlTXZCMGRwOHJOb3RuZEpjb2hkdy16eVpOLVl5bnoyOWhJaUw2d3ZnU1FHNjk4a0wyUzJjYkhIQzdZQ2dTcld6VThCYlJhT1FuNUsxbVBGQXdocjMtT2d3TTNlVmtWMmNZcU92dz0=

Raw Record

{
  "text": "I would say the issue here is mismatched incentives indeed, but that's a problem for every blockchain that has one set of people as users, and another much smaller set as block creators.  That smaller set of block creators is a centralised group, so this is a centralisation issue.\n\nThe only way around such things is a broad decentralisation of consensus power, and on-chain governance, so that users can have the say on what decisions get made.  Very few cryptos actually do, or aim to support that.\n\nBitcoin, Ethereum and Solana are dictatorships, the only difference being whether the dictators are benevolent or not.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1PTEZUeDV6ZVlwWmJ0TVY2b0ZYcmk3a1dNbV93Z1RGZFQ3bDU1cG55NkJQVVpFZUJ0UXdBREQwazc1TUNVM2I4bFJUM2dEeEtCbWZfNkRUUHRSb2xvSnc9PQ==",
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}
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