Jonny Mack on Warpcast

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Jonny Mack pfp

is ethereum owned, co-owned, public, or something else? interesting discussion with @shazow.eth curious to hear what others think https://warpcast.com/nonlinear.eth/0xe21fe9d2

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McBain pfp

Not to go all Dune on you but ownership is the power to destroy a thing

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maurelian pfp

Agree with @shazow.eth here. I will assume that we can both agree that ACME shareholders co-own ACME. How then do eth holders (and especially stakers), not co-ownethereum?

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Publicly accessible Co-operatively run (and in the language of economics, owned) Block space is purchased as a form of “club good” or even private good depending on how you view cost as a form of excludability.

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cqb pfp

Gotta define ownership first. If you define it as the ability to exclude others from the resource then it's not owned by anybody because spinning up a node is permissionless

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Jason pfp

"is ethereum owned, co-owned, public, or something else?"

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Petra ⊙ 🔜 Builder Monastery pfp

Petra ⊙ 🔜 Builder Monastery

You can own ETH But Ethereum is executed… not owned.

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Nicole 🎩💚 pfp

Nicole 🎩💚

I believe that Ethereum isn't owned by anyone, we participate and contribute to it like we do in internet but we do'own neither of them. You can have a server or a node, but that's a way of contribution.

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Nelson pfp

Collectively owned?

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dawufi pfp

also, i feel like there's some code is law folks around here telling on themselves

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dawufi pfp

ask some random to try to push an EIP and find out how quick if you own ethereum or not ability to enter and leave a community != ownership not even close

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𒂠_𒍣𒅀_𒊑 pfp

𒂠_𒍣𒅀_𒊑

imho* - it's a public club of necessarily separate participants (e.g. searchers & validators) reaching consensus. ETH is a claim for more global public provenance, especially w/ qualities of Ethereum consensus/execution (the "club good"). co-owned to such a degree that it may be eventually self-sovereign.

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Jon "JonnyRingo" Williams⚰️ pfp

Jon "JonnyRingo" Williams⚰️

@jonnyringo.eth

I would have to say co-owned because the operators of the network share in the profits accrued from the networks use. It's hard to say you don't have a stake in ownership of some form if you are directly earning from the use of said product(like a stakeholder/part owner)

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LGHT pfp

brings up questions of classified ownership imo - if owning leans more toward unmitigated authority then I think ethereum is 'backed by' consensus activity (w ether being the proxy for it) if owning leans more toward interdependent prerequisites then I think one could make the case that ether is ownership share of eth

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rolfy.eth pfp

Ethereum isn’t a dao… just because you have some cash in you wallet … eg USD… doesn’t mean you own the country or any part there of… As node operators we help provide desirable properties, but we don’t own the protocol or the entity…

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Rune Balto pfp

To "own" leads to entropy.

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Rue🗽 pfp

Hmmm. I wouldn’t call it public because even public goods are owned my governments, municipalities, etc. A Cooperative seems like the most applicable label imo

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alientubes777 pfp

We don't own anything, we enjoy sovereignty and mass coordination in it's capacity

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Lex Sokolin pfp

I think the problem is in the bluntness of the terms and whether one can agree on them What else do you think fits the description you gave to Ethereum

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Alper🎩 pfp

Is kind of like public transport, hard to explain.

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