Author

Topic: Bitcoin: Claws to the weak (Read 877 times)

sr. member
Activity: 476
Merit: 250
March 04, 2013, 09:17:54 PM
#7
I'd say this theory goes beyond Bitcoin and can encompass computers in general, especially the internet.

I'd have to agree. Any form of decentralization is a danger to those with a tendency to trust in centralized power.
sr. member
Activity: 292
Merit: 250
March 04, 2013, 06:53:23 PM
#6
Quote
"It is a commonplace that the history of civilization is largely the history of weapons. In particular, the connection between the discovery of gunpowder and the overthrow of feudalism by the bourgeoisie has been pointed out over and over again. And though I have no doubt exceptions can be brought forward, I think the following rule would be found generally true: that ages in which the dominant weapon is expensive or difficult to make will tend to be ages of despotism, whereas when the dominant weapon is cheap and simple, the common people have a chance. Thus, for example, tanks, battleships and bombing planes are inherently tyrannical weapons, while rifles, muskets, long-bows and hand-grenades are inherently democratic weapons. A complex weapon makes the strong stronger, while a simple weapon--so long as there is no answer to it--gives claws to the weak."

- George Orwell

Bitcoin isn't simple but the bolded part is still apropos: as long as there is no answer to Bitcoin from the usual suspects, Bitcoin is like claws to the weak in this long-running economic war.

I'd say this theory goes beyond Bitcoin and can encompass computers in general, especially the internet.
member
Activity: 84
Merit: 10
March 04, 2013, 02:57:25 PM
#5
Bitcoin is what electricity was before Nikola Tesla... I'm sure yall know how that ended  Shocked
legendary
Activity: 3038
Merit: 1032
RIP Mommy
March 03, 2013, 08:10:50 PM
#4
I don't understand it and it's still fairly simple.
sr. member
Activity: 476
Merit: 250
March 03, 2013, 06:38:04 PM
#3
Bitcoin is actually fairly simple.

Once you understand it is. That's a mighty high wall for many to jump.
legendary
Activity: 1330
Merit: 1000
March 02, 2013, 07:22:17 PM
#2
Bitcoin is actually fairly simple.
sr. member
Activity: 476
Merit: 250
March 01, 2013, 12:23:50 AM
#1
Quote
"It is a commonplace that the history of civilization is largely the history of weapons. In particular, the connection between the discovery of gunpowder and the overthrow of feudalism by the bourgeoisie has been pointed out over and over again. And though I have no doubt exceptions can be brought forward, I think the following rule would be found generally true: that ages in which the dominant weapon is expensive or difficult to make will tend to be ages of despotism, whereas when the dominant weapon is cheap and simple, the common people have a chance. Thus, for example, tanks, battleships and bombing planes are inherently tyrannical weapons, while rifles, muskets, long-bows and hand-grenades are inherently democratic weapons. A complex weapon makes the strong stronger, while a simple weapon--so long as there is no answer to it--gives claws to the weak."

- George Orwell

Bitcoin isn't simple but the bolded part is still apropos: as long as there is no answer to Bitcoin from the usual suspects, Bitcoin is like claws to the weak in this long-running economic war.
Jump to: