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> (though not an IP?) You can point to anything. > How is this not possible without a "central authority"? Ask that to the people that got shut out of Patreo
by rglullis 5y ago
> (though not an IP?)
You can point to anything.
> How is this not possible without a "central authority"?
Ask that to the people that got shut out of Patreon, OnlyFans, business in Russia that have nothing to do with the war and yet got blocked from transacting with the rest of the world, a freelancer in Venezuela who does not want to have their funds confiscated by Maduro's thugs...
> At best, they're re-implementations of existing distributed technologies, just with a new backend.
The big thing that you are missing out is that this backend is permissionless and that it can not be captured by any single entity. It's not so much about what it can do, but what it prevents from being done.
Basically, web3 can be the place where we can build the next search engine that is as revolutionary as early-day Google, without worrying that it will become a Goliath that controls every aspect of our lives. And that to me is very exciting.