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RE: Facebook Handing Over More Info To US Government: "This Is What Facebook Was Designed To Do"
It is interesting..I just wrote a post about how I the steem blockchain is guaranteed to disrupt social media in general. Blockchain is going to obliterate these companies. The centralized power in their hands are too much for them to handle.
I am excited to see what the next 6 months holds for these companies. Steem is growing at an accelerating rate. At some point, I am not sure of the number, the tipping point will be hit. We will see their subscriber rates falls drastically.
A few million coming to steem from FB will be a good start. That is enough people spreading the word which will set the dominoes falling.
I believe we are seeing the beginning of the end for this tyranny.
I do work towards that goal, but I do not hope.
Hope is the enemy.
Fakebook just bought a huge chunk of LTC, and I fear this is going to be used to leapfrog Steemit. Steem is a better currency, but it's way better than BTC also. Quality, as we see from the trending page, isn't necessarily the most important factor in business success.
Often, it is how amenable something is to corruption, exactly what we learn from trending. Eric Schmidt pulling back from Alphabet may indicate there are anti-corruption efforts ongoing, and that can dramatically pare back the dominance of the big three social media. I say 'can', and not will.
It's an uphill battle for folks seeking a society that no longer rewards the powerful with more power, and I cannot profess certainty it's happening now. All too often reformers don't reform anything, and merely assume the profitable position of the corruption they topple.
This is the likeliest future.
This is absolutely correct. Do we see a repeat of what is occurring now in the power breakdown? Changing seats on the Titanic does nothing. We see the some of the whales on here acting in the same manner, trying to dominate and control. Bitcoin was accused of the same thing. Perhaps humans simply arent cut out to have power.
I found the FB/LTC interesting. I do not see how it will work as a reward system like STEEM since we see a challenge with the transaction costs. That is part of the genius of the steem blockchain.
There is no question that STEEM outpaces BTC and LTC. Steemit is an app that doesnt have all the answers...in fact it appears more of a challenge to Reddit at the moment than FB. Centralized blockchains could have issues in the future if that is the direction that FB takes. Right now, it appears LTC is just a payment method on FB although I might be mistaken about that.
People are biologically designed to form power cliques, tribes, and communities. They are also designed to reject any criticism of their chosen people and to fight to the death to defend, and advance the interests, of their people.
Many people are incapable of being free, by virtue of their biology.
Those of us that are, and are also disinclined to rule those slaves by nature, are vastly outnumbered, and overpowered by the combination of psychopathic masters, and masochistic slaves.
I hope you are right about fees on LTC. However, the witnesses on the Steem blockchain are elected by stake weighted votes, just like all other votes on Steemit. This means that it would only take approximately ~15% of SP on the platform to execute a hostile takeover of all witnesses, and it only takes the top 20 to impose code, completely controlling the Steem blockchain.
ZuckerBorg could spend lunch money to do this, and then he'd have Steem.
Very valid point....or a few of the whales could get together and pull it off on their own. What you posted earlier, there are more than a few on here who have shown the inclination to "rule" if given the chance. One drawback to cryptocurrencies is they all seem to have a few controlling most of the tokens.
This is just a repeat of the fiat world...that is what the banksters do. Sure crypto, for the most part, cant be expanded like fiat, but it does have a major drawback in the distribution. If this does not correct over time, we might simply see a replacement of enslavers....with a new breed of enslavers.
The extant distribution of Steem is far more oligarchical than fiat. Steemit's GINI is worse than any nation on Earth, and getting worse at an accelerating rate.
This does not bode well.
About 30% of SP now controls the witnesses, and this is owned by whales. They currently control the witnesses, and the code.
When ZuckerBorg comes for us, those mined stakes will transform into golden parachutes, on which whales drift off into elysiastic sunsets of sybaritic wealth and privilege which Kublai Khan himself did not enjoy in Xanadu.
And they'll still be pissants compared to ZuckerBorg.
I see one of those would-be sybarites has shown the truth of my comment disturbs his rest =p
Thanks for making my case for me @berniesanders!