alt Hacker News> The technologists who create it believe they should control it
I think it goes deeper than this when you listen to them talk. They truly think society will be re-ordered by this technology... and they should be in control of that re-ordering rather than democratically elected governments.
Replies
> I think it goes deeper than this when you listen to them talk.
This needs to be shouted from the rooftops!
All the Web3 edgelords talk about how democracy is inefficient and how their magic blockchains will fix things but don't actually back up their claims with anything.
Sure, it could be applied and might work, but the only thing blockchain brings is a distributed immutable ledger -- but all the trust actions happen outside that ledger. And that's not what slows us down, it's the people, ideas, power and process that makes it inefficient.
Money is a hell of a drug.
Democratically elected governments can't reorder a cookie right now.
We even had one out tariffs on steel, thinkinf this would be good for jobs here. If there was 0.1 seconds of thought they'd realize any manufacturing job you make from a steel tariff cuts 2 more well paid trade jobs