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Bill Heath's avatar

Thanks for this.

I'm holding back on releasing my own insightful interview, of Bre'er Rabbit.

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David A's avatar

Yes, agreed, corruption is the fundamental problem, even more than any system. "Such is the nature of the tyrant, when he begins, he is a protector" Plato (So a very long term problem yes?)

Power corrupts, absolute power corrupts absolutely" Is this true? Surprisingly it is not.

https://anderdaa7.substack.com/p/does-absolute-power-corrupt (please consider reading)

So the essence of the problem is DEEPER than ANY system, just some systems resist corruption better than others yes?

I do understand and agree with decentralization, yet the essence of individual sovereign liberty must be a strong part of that. ( The foundational principles of the US constitutional republic, long ignored and resisted, yet the very principles that made the US a "Light on the hill" for so long.)

Now if blockchain can be used in some accounting systems to force transparency, great, please explain how. Transparency is essential. I am not convinced blockchain delivers that. As currency, I consider it almost certainly to be taken over by the Central Government as CBDC, so I fail to see how that helps.

I do not see ANY system that cannot be corrupted, any program that cannot have hidden code.

In short, while striving for decentralization, individual liberty, and transparency, people must become more attuned to the simple fact that by our NATURE we are happy living the virtues long admired in every culture. (service to others, kindness, consideration) As George Washington expressed, "Tyranny is most easily established on the ruins of liberty, abused to licentiousness."

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