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It’s essays like this that make me realize that many detractors don’t get it yet. If users decide that a chain is too centralized, they can move to a different
by rytill 5y ago
It’s essays like this that make me realize that many detractors don’t get it yet. If users decide that a chain is too centralized, they can move to a different one, much more easily than moving to a different traditional financial system. In addition, a transparent plutocracy is better than an opaque oligarchy or dictatorship.
- civilized 5y ago"If users decide that Facebook is too centralized, they can move to a different social network"
- rytill 5y agoThat quote implies that the subject is providing some value to users that makes it worth staying on the network. Do you believe Ethereum, Bitcoin, or other networks are providing value to people? If you believe there is value, you must simply disagree with the implementation, degree of centralization, principles, etc. I'm curious which project you think has the best qualities. If not, you should have no qualms with leaving the network.
- dane-pgp 5y agoI would guess that it's easier for someone with an Ethereum wallet to send money to someone with a Bitcoin wallet than it is for someone on Facebook to send a message to someone's Mastodon account. My guess may be wrong, as I don't have any of the above, but I think that your analogy overlooks the interoperabilities of the systems you are comparing. To some extent, the lack of interoperability is the only thing keeping people on Facebook.
- civilized 5y ago"send money"? Which money, Bitcoin or Ethereum?
- rytill 5y agoAny? Either? A USD or Euro stablecoin?
- civilized 5y agoBy the same token, a person who happens to use Facebook can also "send messages" to a person on Mastodon. They just won't be FB messages from the FB account. At no point has anyone said anything useful about the interoperability of either system, let alone how they compare to one another. All we have learned is that everyone is equally free to have a bunch of accounts, whether they be social media accounts or cryptocurrency wallets.
- Qwertious 5y agoThis is why I think Mastodon et all should store their account data and user identity details clientside. That's how to ensure it's easy to switch services without losing your existing network by default.
- matheusmoreira 5y agoI wish. Technologically speaking, bitcoin is the worst coin. It does literally everything wrong. Unfortunately, it was the first and continues to be the most well known coin. It attracts a lot of undeserved attention that should have been directed towards much better coins like Ethereum and Monero.
- rytill 5y agoIt is the most well-known one, but Ethereum is the one with the most users and DeFi. What is your critique of Ethereum? * Just saw your edit with the coins listed. I agree, but I also think it's just a matter of time before a DeFi system gets more attention than Bitcoin.
- matheusmoreira 5y agoEthereum is a good coin.