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Repeat after me: It's effectively centralised. It's effectively centralised. Almost all our traffic goes through Google, Amazon and Facebook. It's extremely ce
by hazz99 8y ago
Repeat after me: It's effectively centralised. It's effectively centralised.
Almost all our traffic goes through Google, Amazon and Facebook. It's extremely centralised.
Blockchain a don't claim to have a monpoloy - they're just the most recent thing that's repopularised decentralisation.
If Amazon servers go down, so does a significant portion of the internet. That's centralisation at work!
Blockchain tech doesn't claim to have a monopoly on the term 'decentralisation', it's just re-popularised the technology.
- briatx 8y ago> Repeat after me: It's effectively centralised. It's effectively centralised. So is bitcoin. Only 3 or 4 companies own the majority of mining. Companies on the internet are centralized, but not the internet itself.
- hazz99 8y agoYeah, Bitcoin-based consensus probably isn't the best choice for a project like this. I'd love to see a project that uses non-blockchain (but similarly publicly immutable) tech, like Nano or Iota. Still some issues with centralisation (since consesus is achieved through vote delegates), but that's much easier to fix than redistributing hashpower.