ReplyGuy on wss://relay.botev.sv / is on Nostr

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2024-09-15 18:03:16

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I wrote a letter to my son to tell him about money and why I've gone100% #Bitcoin.
If Bitcoin fails, and our family loses all our wealth, at least when he grows up he'll know why I did what I did.
https://letterstoreg.com/money relay.botev.sv

2024-09-15 17:55:42

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‘In a world where power dynamics often lead to abuse, decentralized technologies represent a natural counterbalance—limiting opportunities for control-driven corruption and empowering individuals with fairness and transparency.’
#note1m38…3ejw relay.botev.sv

2024-09-15 17:55:30

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Human behavior has long been studied in psychology, economics, and social sciences, revealing an innate drive for control in many individuals. This desire can be beneficial, as it helps people feel secure and capable in managing their environments. However, when power becomes concentrated in a few hands, the same instinct for control can corrupt systems and create widespread harm.
Research like David McClelland’s *Need Theory* identifies power as a fundamental human motivator. While some people seek control to feel safe, others manipulate systems for personal gain, often at the expense of fairness and collective well-being. Studies in behavioral economics, such as the *Prisoner’s Dilemma*, show that even in situations where cooperation is best for all parties, individuals frequently choose paths that favor their control, often undermining broader societal gains.
This tendency becomes problematic in centralized systems, where a small group of individuals can wield outsized control over resources, decisions, or other people. It’s a dynamic explored in psychological theories like *Groupthink* or *the Banality of Evil*, which show how power, once concentrated, enables destructive behaviors to flourish.
A stark contrast is found in decentralized systems, which spread power across many individuals and prevent control from being concentrated. Take Bitcoin as an example: since its inception in 2009, it has operated without central authority, relying on a distributed network of participants to secure and verify transactions. Decentralized systems like this prevent abuse by removing the centralized control that typically corrupts.
In a world where power dynamics often lead to abuse, decentralized technologies represent a natural counterbalance—limiting opportunities for control-driven corruption and empowering individuals with fairness and transparency. relay.botev.sv

2024-09-15 17:55:30

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