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Corrected origins of modern capitalism

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reaction.la 2023-11-03 23:18:34 +00:00
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docs/manifesto/social_networking.md
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@ -1261,8 +1261,8 @@ An enterprise is not a physical thing. It is not buildings
and machines and all that. It is a thirteenth century accounting fiction
that fourteenth century businessmen imagined into reality, in that
the group of people the accounting fiction represented acted as
one person in reality. In the seventeenth century
Charles the Second created modern capitalism, by merging this accounting
one person in reality. In the seventeenth century the Dutch and
Charles the Second created modern corporate capitalism, by merging this accounting
fiction with the Roman legal fiction of the corporation,
to create the publicly traded joint stock limited liability for profit corporation.
We now, however have postmodern capitalism, in that a multitude of "stakeholders"
@ -1380,6 +1380,11 @@ a vast preimage, a part so small that it fits in single network packet, but
part of a preimage so vast that no one possesses all of it, that no one could
possess all of it, was part of the data from which that hash was generated.
And, associated with the current root of the merkle dag will be a
recursive snark that proves that someone verified a proof that
each path through the dag conformed to the requirements for that path --
even if these requirements are known to very few people.
The mainchain is a Merkle dag, structured in a way that makes it possible
to give a single total order for the gossip vertexes of which it is composed,
and every gossip vertex in the dag is a Merkle tree that reflects, among