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One of my big issues with (legit) Crypto it's UX VS Decentralization. The easiest way for the regular Joe to use crypto it's with an exchange... that it's basi
by javchz 5y ago
One of my big issues with (legit) Crypto it's UX VS Decentralization.
The easiest way for the regular Joe to use crypto it's with an exchange... that it's basically, just a centralized institution making changes in a private database for when transactions are made inside the exchange.
Only if the user wants to send money to a wallet the transaction enters into the blockchain, outside of that it's like a bank... without the regulation benefits.
I think the state of Crypto right now it's in similar to what HTML journals were at the start of the internet. The reason why social media won over everyone having their blog in a distributed network, was in big part to the easy-to-use experience.
I find it a little bit hard to believe that crypto will not be centralized at the end to some extent. This motto of "crypto it's a fight of the common folks against the big guy" feels like marketing made by people who control crypto now and who want to be the "big guy" this time, rather than the democratization of the banking system.
Look, I like concepts of the tech behind it and I hope to be wrong, crypto has proven useful in some scenarios like Venezuela. But seem naive to expect that, if they don't take into account the limitations of the tech itself, everyone it's going to use wallets and private keys with all the good security practices requires and never make a mistake.
- alexb_ 5y agoIt's the exact same problem with Email. Email is "decentralized" but most people would rather use a central website and give up their info.
- javchz 5y agoI'm sad you're right, having your own email server right now it's almost impossible thanks to the adviratry rules for SPAM. You have to hire a IT specialist full time only for that, and it's not warranty your emails won't get flagged as a false-positive. We're almost forced to get Google Workspace / Microsoft equivalente Service for your own email.