this post was submitted on 13 Jun 2024
615 points (98.4% liked)
Technology
59666 readers
3188 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Proof of stake is what it's called, but then it's even more of a ponzi scheme because you have to buy in. Like they're literally recreating coconut island.
Also nobody seems to actually be doing it, possibly for exactly that reason. It's just a green-washing promise of an idea.
Federation and crypto are two completely opposite philosophies of decentralisation.
Crypto is based on zero-trust, which sounds cool and edgy if you're 15, but in practice it turns out that the people drawn to a zero trust system are untrustworthy. It's not surprising that it's full of Nazis.
Federation is designed around trust, which is the way our meatspace social networks actually work, and I think it's the only reasonable way forward.