this post was submitted on 02 Jun 2026
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[–] hirihit640@sh.itjust.works 0 points 12 hours ago* (last edited 12 hours ago) (1 children)

In the meantime, I haven't seen any way to prevent companies from unethically exerting their will over the public that works any better than involving multiple parties in it that are not necessarily aligned and do your best to prevent collusion

This is just decentralization. This is literally what I alluded to in my root comment. Crypto solves these problems

[–] badgermurphy@lemmy.world 2 points 5 hours ago (1 children)

That's just centralization with extra steps. Crypto is easily manipulated by whales and frequently is. At least with governments, I know the names and faces of the people robbing me.

[–] hirihit640@sh.itjust.works 1 points 3 hours ago

manipulated by whales? are you talking about 51% attacks? censorship? Can you link some concrete examples of major crypto coins getting manipulated? I think there was a potential 51% attack on Monero but IIRC nothing actually happened.