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> Therefore the platform builds from an aggregation of independent services, more like the early Internet. Same as creating an open protocol like the article s
by Osmose 5y ago
> Therefore the platform builds from an aggregation of independent services, more like the early Internet.
Same as creating an open protocol like the article suggests and getting participants to opt-in to supporting that protocol. The difference being that open protocols would require you to either accept _any_ provider or vet and choose which services you trust, vs the blockchain where the trust is in the chain itself and it's inability to be tampered with, i.e. the consensus you're talking about.
And the core of my criticism here is that the factors that give one person or a group of people the ability to tamper are the same; the companies that don't really experience consequences for bad behavior are large, well-funded, well-connected, and these things will also let you buy tons of mining rigs, low-power-cost facilities, and connect you with other wealthy miners who are interested in whenever the next DAO reversal needs to happen.