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Every system in a "web3" environment is still hosted on some server or cluster. And someone, somewhere, has the root pwd for that server. There is still a cent
by usrbinbash 5y ago
Every system in a "web3" environment is still hosted on some server or cluster.
And someone, somewhere, has the root pwd for that server. There is still a central authority.
That someone decides if the server is up, what code it runs, and how it interacts with voting, contracts, tokens, etc. on the ledger. The only thing in such an environment that is "dezentralized", is the public ledger (aka. the "Blockchain"), where the current state of the tokens, settings, etc. are stored.
If the people running the service decide that whatever is written in that ledger no longer applies to them, it no longer applies, period.