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Ethereum enthusiast are quick to disagree, the author of the article might not have a deep understanding of how everything works but headline of the article hol

by ojr 5y ago

Ethereum enthusiast are quick to disagree, the author of the article might not have a deep understanding of how everything works but headline of the article holds somewhat true. Metamask is a centralized service with centralized team, if Google removed this extension from Chrome as they temporarily did before, it would make adoption for new users harder. Open Sea has centralized operators, the orderbook is not on the blockchain I believe. Uniswap the "decentralized exchange" has acentralized team with vc funding and registration with the SEC. Infura is another centralized service, that so many Ethereum projects depend on. It is hard to call these services decentralized. Although the small mainstream success of these services and markets, show that fully decentralization is probably not needed for most mainstream users.

CryptoPunk 5y ago
Uniswap is completely decentralized. Uniswap Labs cannot prevent any one from listing any token on the Uniswap smart contract, or prevent any one from setting up their own frontend to access it.
- ojr 5y ago
  take out the uniswap frontend, the volume will not be as high, without Coinbase the price of Ethereum would be significantly lower
  - CryptoPunk 5y ago
    Oh yes definitely. But there are numerous other front-ends available. People can even run their own front-end locally. People generally don't because so far there has been little need. The option to use other front-ends, and the inability of any central authority to shut down the Uniswap smart contract, is what makes it censorship resistant.
  - X6S1x6Okd1st 5y ago
    The uniswap frontend is mirrored on IPFS. It's stateless (it pulls the current state from Ethereum RPCs)
javier123454321 5y ago
Uniswap the protocol lives in a contract address which will outlive uniswap labs if hey get shut down. Now thats an amazing feature. If they forced Uniswap labs to ban transactions of Iran, like they might with paypal, Uniswap labs would be unable to enforce that. No matter how willing they would be. Thats massive in my opinion. Perhaps not perfect, but a much more favorable model than what we have.
sva_ 5y ago
I largely agree with your points, it's difficult to build truly decentralized apps, since most people don't run a local node. But at least you could build an interface that falls back on the different possible providers, including a local node if it is there. So if someone really wanted to access the Blockchain, they could - regardless of centralized web3 providers. Also, I think OpenSea does post all orders public: https://etherscan.io/address/0x7be8076f4ea4a4ad08075c2508e481d6c946d12b https://etherscan.io/address/0x7be8076f4ea4a4ad08075c2508e48...

by ojr 5y ago

CryptoPunk 5y ago

Uniswap is completely decentralized. Uniswap Labs cannot prevent any one from listing any token on the Uniswap smart contract, or prevent any one from setting up their own frontend to access it.

ojr 5y ago
take out the uniswap frontend, the volume will not be as high, without Coinbase the price of Ethereum would be significantly lower
- CryptoPunk 5y ago
  Oh yes definitely. But there are numerous other front-ends available. People can even run their own front-end locally. People generally don't because so far there has been little need. The option to use other front-ends, and the inability of any central authority to shut down the Uniswap smart contract, is what makes it censorship resistant.
- X6S1x6Okd1st 5y ago
  The uniswap frontend is mirrored on IPFS. It's stateless (it pulls the current state from Ethereum RPCs)

javier123454321 5y ago

Uniswap the protocol lives in a contract address which will outlive uniswap labs if hey get shut down. Now thats an amazing feature. If they forced Uniswap labs to ban transactions of Iran, like they might with paypal, Uniswap labs would be unable to enforce that. No matter how willing they would be. Thats massive in my opinion. Perhaps not perfect, but a much more favorable model than what we have.

sva_ 5y ago

I largely agree with your points, it's difficult to build truly decentralized apps, since most people don't run a local node. But at least you could build an interface that falls back on the different possible providers, including a local node if it is there. So if someone really wanted to access the Blockchain, they could - regardless of centralized web3 providers. Also, I think OpenSea does post all orders public: https://etherscan.io/address/0x7be8076f4ea4a4ad08075c2508e481d6c946d12b https://etherscan.io/address/0x7be8076f4ea4a4ad08075c2508e48...