Just another question, where would you ideally like to see protest news posted on lemmy? Yes there's the 50501 community, I also post on DSA community. Where else?
silentjohn
joined 1 month ago
The USA has one party: the capitalist party. They do not represent you, they represent corporate interests. Your vote doesn't even really matter because of the electoral college, and other racist relics such as the Senate, giving ridiculous power to to just a handful of "swing voters".
Voting once every 4 years for either the capitalist war monger or the other capitalist war monger, while they both ban 3rd party candidates from the ballot, does not make the USA "democratic".
Edit: also who cares if it's one party? In each of these cases the party has brought the entire population out of abject poverty (usually the result of capitalism exploiting them), increased education surpassing the USA, brought healthcare to all, have higher home ownership rates than the USA, etc.
Objective quality of life measurements all surpass the USA.
No, it gets destroyed by a CIA-funded coup every time. (Read Jakarta Method)
But look at Vietnam, Laos, Cuba, Kerala, China, Burkino Faso for modern attempts at Socialism/Communism
Where do you fit in? Do you own capital? Are you a business owner or a factory owner? If not then you are a tool for capitalists to exploit as they wish
To be fair, I don't consume mainstream media whatsoever anymore. After reading Manufacturing Consent, I see no point. I get all my news from socials or alt news sources like Democracy Now!, counter punch, it's going down, and Mother Jones, etc ...
Do you think reddit is immune to the oligarchs? I don't think so at all.
Well no, but the question was why is there no mainstream media coverage.
I've posted a couple things here on lemmy. Let's be honest though, the reach of reddit is orders of magnitude higher than here
/50501 here and on reddit.
Why would the news, controlled and operated by oligarchs, give people protesting oligarchs any coverage?
These many uses cases: ethereumadoption.com
Also stablecoin volume just flipped Visa.
At best, it’s economic rent with holders getting free money from workers.
The workers are the ones securing the network. Anybody can participate, providing they have as little as 0.01 ETH to put up as collateral.
At worst, it’s a game of musical chairs that only people who don’t use the money can win. Profits from securing the network ought to automatically adjust towards zero.
Ethereum base fees are in fact sent to a burn address and removed from circulation. Validators get priority tips only.
PoS is why Ethereum bailed out everyone with money in the DAO.
PoS is unrelated to the DAO hack. PoS is a consensus mechanism change from PoW. Instead of solving increasingly more difficult and energy-intensive puzzles to determine who gets to process the next block, in Ethereum it's randomly chosen amongst the validators.
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Firstly, the DAO fork was not a rollback or bailout. It was a unique situation where the hackers had to wait 28 days for withdrawals, so a smart contract change was executed.
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There was strong consensus across developers, users, miners and community alike - it was hardly a centralized decision.
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Those who disagreed simply moved to Ethereum Classic. It's a win-win situation for all.
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Ethereum was still a very, very new project then. You know which other project did a rollback when it was less than 2 years old? Value overflow incident - Bitcoin Wiki
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EIP-999 being rejected is the final deathblow to this hypothesis. There was a chance to rollback 500,000 ETH to an entity managed by one of its co-founders, and the community overwhelmingly rejected it. Rollbacks do not happen on Ethereum.
Upgrading Bitcoin is a great idea
An idea that virtually NOBODY in the bitcoin community agrees with. The entire value prop of Bitcoin is that it's ossified and simple.
But I would not consider Ethereum’s security model to be an upgrade
Ethereum's model is sustainable 10, 20, 50 years from now. In order for Bitcoin's security to be sustainable, the price of BTC must rise. Each Bitcoin halving reduces the block reward for miners ... so unless the price just goes up forever as Bitcoin literally burns the planet, the result is a decrease in the overall hashrate of the network, allowing for an easier attack.
This is demonstrably true: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999
Aside from the long term security guarantees that every Bitcoiner is just ignoring, the narrative around energy usage has pretty much gone away. Why? I have no idea. Ethereum in comparison has gone to PoS and reduced its energy usage to near trivial amounts while at the same time democratizing securing the network in a way more sustainable way.
I honestly can't think of a single time I've done this in the 20 years I've been using linux.
I dunno, it just seems like the latest fad. Debian/Arch work just fine.