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The Inefficiencies Of The Hourly Wage System
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2025-01-06 at 1:24 AM UTC
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2025-01-06 at 1:41 AM UTCAll they have to do is push through a bill or mandate that says anyone caught in the possession or usage of digital coinage will be flogged and jailed and all assets and related materials confiscated. It's very easy for them to ban anything. Most sheep will go right along.
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2025-01-06 at 4:03 AM UTC
Originally posted by the man who put it in my hood Smart contracts offer a significant advancement in contract enforcement. Unlike traditional contracts that rely on legal systems and intermediaries like courts, smart contracts are self-executing.
You have to completely rethink how people would even go into a contract knowing that it's impossible to scam the other person. This is a fundamental overhaul of the economy and taking control away from the centralized banks and state regulators and giving it to the market.
The only problem you have with it is that you trust the banks/state more than the market itself. But more people are trusting the market everyday and we will soon be living in a "trustless" economy where trust doesn't factor into exchange at all.
Smart contracts solve the Byzantine general problem.
https://en.wikipedia.org/wiki/Byzantine_fault
thinks inter-human relations and interactions can be solved by computer problems.
care to give a real life scenario where this "smart contract" can be deployed.
lets say for example taking a car loan. -
2025-01-06 at 4:34 AM UTC
Originally posted by Charles Ex Machina
thinks inter-human relations and interactions can be solved by computer problems.
care to give a real life scenario where this "smart contract" can be deployed.
lets say for example taking a car loan.
Tools and technology are commonly used to solve real world problems like using a machine to build something instead of a person.
I'm not gonna sit here and explain how every single economic operation in existence can be made better by one technology or another. It's pretty easy to visualize also Klaus Schwab was right.
Originally posted by the man who put it in my hood This could work for wages probably
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2025-01-06 at 4:37 AM UTC
Originally posted by the man who put it in my hood Tools and technology are commonly used to solve real world problems like using a machine to build something instead of a person.
I'm not gonna sit here and explain how every single economic operation in existence can be made better by one technology or another. It's pretty easy to visualize also Klaus Schwab was right.
lets see you get rid of squatters sqquating in your property with this .... smart contract, -
2025-01-06 at 7:12 AM UTC
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2025-01-06 at 7:44 AM UTC
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2025-01-06 at 7:47 AM UTC
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2025-01-06 at 7:48 AM UTC
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2025-01-06 at 2:14 PM UTC
Originally posted by ⠀⠀⠀⠀⠀⠀ Then again, the New World Order globalists and their mindless lackeys know full well what happens when government interferes in private commerce. That's why they do it. They are intentionally doing it, knowing full well what the outcome will be. Their single-minded goal is to destroy societies worldwide from within, kill off the majority of the population, and surround those left with tyrannical control. They have several clandestine methods to accomplish this, and every single one is "for the greater good". True evil never comes in under its own face, it comes in under the noble banners of justice, truth, fairness, equality, diversity, peace, and love, and there's more than enough complete and utter imbeciles out there who will buy into it.
Do you actually believe this? -
2025-01-06 at 2:44 PM UTC
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2025-01-06 at 3:12 PM UTC
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2025-01-06 at 3:43 PM UTC
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2025-01-06 at 4:11 PM UTC
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2025-01-06 at 4:33 PM UTC
Originally posted by Charles Ex Machina im flattered.
I don't believe in police, courts or the state so how the fuck do you expect anything to be enforced?
Smart contracts don't need enforcement. A person breaking into my home has nothing to do with smart contracts.
If we lived in a smart contract economy nobody would ever break into houses ever because they would always be able to be charged anywhere they sleep. You might call this utopian where everyone has a home or dystopian if you fall asleep in a walmart box on the road and go into debt with Walmart
There are a lot of ways for this to go, but with central authority and control it will more likely be the shitty one. Decentralized economies most closely resemble human natural biological tribal trade.
Hebrew bank state economies are the ones that turn people into machines -
2025-01-06 at 4:39 PM UTCLaw enforcement should be replaced by smart contracts
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2025-01-06 at 4:52 PM UTC
