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Cryptocurrency was invented to remove middlemen and counterparty risk. Yet every week I hear about middlemen and the tokens they control, and the actions they t
by RichardHeart 6y ago
Cryptocurrency was invented to remove middlemen and counterparty risk. Yet every week I hear about middlemen and the tokens they control, and the actions they take or don't take that harm their investors... This is the opposite of crypto. By the way, all file storage coin projects are beyond inefficient, because backblaze is always going to win on price due to vertical integration.
Adding a "distributed" network in there is extra points of failure, not less. But in crypto, price tends to not care about actual efficiency or utility at all, and is really just a roulette wheel of ticker symbols. Disclaimer: founded a crypto.