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It's because people saying "I'm just building my own app with blockchain, don't hate me", are either lying to us or to themselves. Every honestly distributed b
by Yizahi 5y ago
It's because people saying "I'm just building my own app with blockchain, don't hate me", are either lying to us or to themselves.
Every honestly distributed blockchain is scam or soon to be scam, because to incentivize distribution a rewards are required (tokens), and that completely upends social expectations of the app, regardless of its stated purpose. Node keepers and token owners want to pump the token price by any means necessary. App users (if any) are facing an adversary and hostile environment because they are the afterthought, second class, and hodlers are a priority.
Centralized blockchain on the other hand is simply ridiculous, except for the ultra narrow market of version control systems. People are delusional if they think a centralized blockchain will ever be more useful for anything else than a normal DB.