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.

https://youtu.be/FEHYeeRCtVI

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?

“the CIA-funded propaganda machine told me so”

These many uses cases: ethereumadoption.com

Also stablecoin volume just flipped Visa.

Taxing them will not fix the system that produces them.

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.

• 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.

• There was strong consensus across developers, users, miners and community alike - it was hardly a centralized decision.

• Those who disagreed simply moved to Ethereum Classic. It’s a win-win situation for all.

• 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

• 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.

Nah, don’t really feel like doing that

No. You can’t do that because it’s not possible.

Keep pretending your bullshit tech isn’t smoke and mirrors, dipshit

Ahh there’s the ad hominem! Classic crypto-hater retort when you know that you’re wrong and you’re too stubborn to admit it. It’s not smoke and mirrors, it’s literally open source. You can check everything onchain. You can check the code.

Ethereum currently uses 0.0026 Annual Energy Consumption in TWh/yr. That’s for everything that’s on the network: all of defi (lending/borrowing, CDPs, insurance, mortgages, payday loans, exchanges, derivitives, etc), real world assets (RWAs, Blackrock’s BUIDL fund alone is up+364.65% YTD), NFTs/collectables, social media, gaming, identities, etc. This energy consumption is less than orders of magnitude less than netflix, paypal, gaming, etc.

Get blocked troll.

Both of those reasons are valid and fair.

That said. MAN, you must hate the kind of company you end up stuck with. Crypto as far as I know is MOSTLY very weird AnCap types

Crypto indeed is a weird af place. I hate 99.99% of the projects and the people here. The culture is insufferable. But there is space to build projects that actually help working people.

imma h8r

Why though? It’s just tech. It’s neither good nor bad. It can be used for good (public goods funding, donations to causes that might otherwise be blocked, paying artists a la patreon, governance voting via DAOs, etc) or bad (speculative markets, BAYC, memecoins, rugpulls, etc).

Ok show me every single holder of an Ame72 piece and the respective market in real time.

Read Blockchain Radicals, there’s more of us than you think. Dozens!

Make no mistake though, I view crypto as simply a technological tool to get us from A to B. From the cryptoleftist subreddit:

Bitcoin or any other specific crypto / blockchain project will not get us to socialism. This is first and foremost an ANTI-capitalist community (this should be the bare minimum to calling oneself a leftist), so please, we don’t want to encourage some of the worst aspects of both capitalism and crypto currency like speculation and trading. We don’t care if you do it, but there are other communities out there for that.

That said, there’s some cool work being done on Breadchain for coops and workers: laborDAO, the ReFi (regenerative finance) movement, etc.

Crypto can be an important tool to:

• protect the unbanked,underbanked, and even banked from the exploitative financial system: we’re making progress

• remove US hegemonic power by undermining the dominance of the US dollar: we’re making progress, but some like USDC are actually reinforcing American dominance

• move away from capitalism and asset speculation to collective ownership (governance tokens), trade of useful goods (digital or physical), and savings protocols: we’re not making very much progress and are actively moving against this

Of course people think crypto “doesn’t do anything” when most people don’t even understand how investments or tech in general works.

There is actually a lot going on with crypto. It’s just that people who aren’t plugged in won’t really care… : https://ethereumadoption.com/

Ok, show me every single holder of an Ame72 piece and the respective market in real time.

(by the way Ethereum, the largest NFT chain, uses less energy than your dishwasher now)

Ohhhhh, the “T” word. Ez block for this uninformed and ignorant troll.

Pushing powerlessness? What are you doing to stop this? I’m with DSA and fighting IRL to stop this. Have you organized any protests? Have you phone banked anybody? Have you distributed literature? Have you actually gone out and talked with real human beings about what struggles they are feeling?