* Smart Contracts
* Homomorphic Encryption (not just obfuscation) for Privacy, Fungibility
* Σ-Mining (anyone mining on the DERO network can earn rewards based on the amount of work contributed, instead of a ‘winner-takes-all’ reward model)
* Account model
* Written from scratch in Go
It's been a pleasure to work with, and the community is great.
"that's how it works" - compelling argument. I never thought about it like that ;).
I wouldn't say I'm against socialized "x"; I'm against government socialized "x".
You, I, and charities don't have the right to forcefully take from others (no matter how noble our stated intentions); so where does the government get this right? Aren't we all equal? Where does the government get rights that you, I, and charities don't have?
Is charities not having the right to forcefully extract donations hurting their cause? I don't think so. Voluntary donations force charities to demonstrate they will wisely use the funds. Resources aren't infinite, and if we want to care for the most people in the best way possible we have to use resources efficiently. Charities attract funds by succeeding in their mission, whereas governments attract funds by failing in their mission.
If government socialized medicine requires a majority, couldn't we just implement it voluntarily and avoid all of the negative ramifications that come with entrusting a small group of politicians with an enormous amount of power that is routinely abused to benefit themselves and large corporations?
I also wonder: Does anyone arguing for government socialized "x" actually believe in it? How much money do people give to the government beyond what is forcefully taken from them? Just a guess, but I think that number is very close to 0.
On the contrary, how much money do people voluntarily give to charities? About $410,000,000,000 last year.
I’m not sure all types of money have this characteristic, but debt-based money in a fractional reserve banking system certainly seems to. The banks are perpetually insolvent because the time structure of their assets (loans) doesn’t match the time structure of their liabilities (“deposits”). At any time a bank run can bring them and the entire economy down. Sure, the government guarantees their deposits, but AFAIK they don’t provide anywhere near enough insurance. Not to mention the moral hazard it creates for banks to act recklessly.
It’s been a while since I read up on the topic, but the origins of fractional-reserve banking sound a lot like fraud that got blamed on the hard money that exposed it. (https://www.amazon.com/dp/1933550287)
People (demos) and power (kratos) tend to not go well together, which is why the US was founded as a democratic Republic with strictly limited power. Many of the founders viewed the state as a necessary evil.
Ben Franklin referred to the US as “A Republic, if you can keep it." I think it’s fair to say we haven’t. Power is no longer viewed as an evil to be restrained, but the solution to our problems.
We need to realize the state is force, and force is rarely the solution to our problems. In most cases it creates more problems than it solves.
This is my biggest qualm with building a company aimed to sell (either to public markets or another company). You are binding yourself to pursue as much profit as possible through whatever legal means possible. Even if those legal means go against everything you stand for, you have to pursue them because you have a fiduciary duty.
Was probably going to happen eventually since Lyft and Uber offer a better product, but it's interesting that the big ride sharing companies aren't profitable yet either.
> The world is a better place with lots of smaller companies.
I would tend to agree. What's troubling to me is central banks pouring money into the big tech companies. How are small companies supposed to compete with a printing press?
Even if a world with lots of smaller companies serves consumers better, consumers' votes don't matter when central banks can steal their votes via a printing press and give money to the big tech companies.
I was wondering the same thing.. Maybe the developer was able to remotely flip a switch after the app went through approval to change its behavior and app review didn't catch it? What's really surprising is how long it's been out (almost 2 months)
Another thing to consider is the size of Denmark compared to the US. It's a much smaller political unit which tends to translate into more responsive politicians. Danes have about half the number of representatives we have in the US but less than 5% of our population.
I wish I could vote every day and have it count. Thankfully this is the case for many goods and services that are provided on the market. If I don't like the product I am getting or where my money is going I simply take my business elsewhere. Providers of goods and services that face market competition are encouraged on a continuous basis to be responsive to consumers or they risk going out of business.
By comparison, voting in elections feels ineffective. Monopolies, even those run by politicians elected every X years, are notoriously bad at serving the needs of consumers. Even if we could vote every day from our phones on who is in charge of a given monopoly, I still don't think it would change much.
* Smart Contracts * Homomorphic Encryption (not just obfuscation) for Privacy, Fungibility * Σ-Mining (anyone mining on the DERO network can earn rewards based on the amount of work contributed, instead of a ‘winner-takes-all’ reward model) * Account model * Written from scratch in Go
It's been a pleasure to work with, and the community is great.