You are viewing a single comment's thread from:
RE: The Gloves Are Off: EOS A Case of Dishonesty, Ignorance and Stupidity:
the nature of capital accumulation is that those interested in short-term profit become the most powerful. Just give capitalism time an oligarchy is unavoidable
You must lock up your tokens to vote. Short-term profit makers can't vote. Try again.
? how is that an argument? Oil companies have massive oil rigs their capital is locked up into the short-term profit is not changing it from being locked up and instead locking up more. You often cant get any profit without locking up resources.
markets favour short-term profit because of the nature of compounding of these locked-up resources. Right away a ponzi scheme will make much more profit, while powering-up will earn less. Now my question is, who wins when they power-up the "winnings" from the ponzi scheme? They have more power than they would have if they powered up without it. Thus short-term profit wins out
I don't think you understand economics, let alone Eos. Please do research because this makes absolutely no sense. Of course you want profit. Everyone wants profit. When you lock up more tokens you want the project to succeed long-term. You don't want to lose all your money because you decided the relatively small short-term profits were more important than your nest-egg. Bad actors get voted out by people who care about the system's future. What is this oil argument? What does that have to do with Eos at all? Simply fallacious.
You're deluded and stupid... How is EOS now? idiot