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lol, I love how the security of it all boils down to "trust that the authorities will make the right decision". Decentralized!
by Jasper_ 5y ago
lol, I love how the security of it all boils down to "trust that the authorities will make the right decision". Decentralized!
- betwixthewires 5y agoThat's not what the comment you're responding to says at all.
- traceddd 5y agoIf that’s what you took away from my post, I must have done a poor job with it. Firstly emergent consensus is a big part of decentralized systems. Core providers convening on a decision and supporting it is perfectly healthy. That’s quite different than a CEO saying things will be X way and everyone just having to accept it. Additionally, my point is that people WILL likely try to have a contentious chain (as is their right in a decentralized project), but due to the maturity of Ethereum the technical consequences are much more impactful than the BTC/BCH scenario.
- magicjosh 5y agoAppreciate your thoughtful reply here. I can tell you're excited about emergent consensus. So am I! Is there a DAO or L2 project you're particularly excited for here?
- rvz 5y agoExactly. Decentralised trustless systems requiring 'trust' means it's Decentralised somehow. The greatest example? The failure of 'The DAO'. More decentra-lies and Ethereum pumping each other's, VCs and investors bags.