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public data isn't going to keep things decentralized because data isn't the only thing that matters, if anything it matters less and less. Core part of what lar
by Barrin92 5y ago
public data isn't going to keep things decentralized because data isn't the only thing that matters, if anything it matters less and less. Core part of what large internet services do is process data and provide services built on top of a lot of compute.
We have big internet companies because processing that amount of information is computationally expensive and thus centralization is the economic solution. Not even traditional p2p solutions have yet been able to compete with large entities, and 'web3' with its crypto solutions is substantially worse because it's computationally more expensive by design.
Not to mention there's also the fairly obvious point that a lot of those companies exist by processing data that is inherently private because users demand it to be so. Nobody is willingly going to put their chat messages on the blockchain to be read by the public.