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Comment by nrmitchi | Hacker News Reader

> The proposal succeeded hours after it was proposed, with one whale providing 1 million votes out of the 1.15 million votes in favor.

Decentralized my ass

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Hey, at least we have a good example of what "voting with your wallet" actually looks like if brought to it's logical conclusion.

In all fairness to crypto aficionados, it's not "voting with your wallet." It's more about using whatever is in your wallet to gain control over the financial...

Oh shit, someone stole my apes.

Can someone PM me to help me recover my apes? I can't vote without them!

Let me get this straight. They used the majority voting power of a DAO whale, to seize the funds of a user whale?

Irony at its finest.

The DAO whale only staked half-a-million dollars, the seized funds are $170 million.

The $170 million whale didn't show up to vote, so I guess under the rule of code-is-law, that means he can now be cut up, processed, and turned into whale burgers.

Just like land under feudalism -- the land was /everywhere/ !

... but the ownership was not.

Indeed, crypto is fedualism by-design.

Libertarianism with land as property is feudalism.

... which is why Land Value Tax should be the primary mechanism for funding the government.

There really is no private land ownership in the USA. Stop paying your property tax and you'll find out who your landlord is. Raising and lowering that rent payment is the tool for balancing homeownership against what you describe as feudalism.

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