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People are misunderstanding decentralization. Sure we can talk about decentralized technology like IFPS, but we should also talk about moving away from centrali
by user249 5y ago
People are misunderstanding decentralization. Sure we can talk about decentralized technology like IFPS, but we should also talk about moving away from centralized governments, banks and legal systems. Decentralization in this context means we can form our own social group, say a commune in the desert or a virtual group online that skirts the old school central organizations and sets up our own. We could conduct our buniness on the blockchain and implement our own enforcement methods. An extreme example of this might be a drug cartel conducting it's transactions on a blockchain and if you don't honor what's on the chain then you get killed.
- p4bl0 5y agoYou are kind of proving the point against which you are arguing here. > If you don't honor what's on chain then you get killed. This is exactly the kind of necessary third-party that I'm talking about in my blogpost. You ar not building a decentralized system. You just reinvented a worse centralized system and poorly used supposedly decentralized technology to achieve that.
- 8note 5y agoI don't see why the cartel would stay on the chain if somebody scams them on it. It's easier to kill the scammer and ignore the chain
- peoplefromibiza 5y ago> and if you don't honor what's on the chain then you get killed. since the chain itself can't enforce anything, I'd say that for that particular business you only need enough gunpower to decide what "honor" means the blockchain is completely useless