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> Blockchains are just another kind of centralization, a single central source of truth If you really believe this, you don't understand blockchains. They are

> Blockchains are just another kind of centralization, a single central source of truth If you really believe this, you don't understand blockchains. They are the exact opposite of that. A decentralized, distributed, immutable, censorship-resistant, trustless, permissionless ledger. You don't need centralized authorities, and you don't need to trust anybody. You don't need anyone's permission to participate, and nobody can keep you from doing so. Moreover, the data is immutable and extremely safe, as it is replicated globally.

shkkmo 4y ago
Where almost nobody can store and process the whole chain so everyone uses a centralized exchanges and a single company that provides an API to see what happened on chain? In practice, web3 is just as centralized as web2, but with less privacy.
- exit 4y ago
  you act as if everything about web3 has to be solved right from the starting gun to have any legitimacy :) there are many different competing consensus mechanism and the balance of trade-offs is still playing out.
  - shkkmo 4y ago
    The old "it's so new, you expect too much" argument that I have been hearing for years. How about instead of lauding web3 as being so great for decentralization ... you wait until the ecosystem actually increases decentralization. Cryoptocurrency advocates have a long, long history of making empty promises that are never filled. Nobody expects every problem to be solved instantly, but it would be nice if atleast one was solved every once in a while.
    - cbm-vic-20 4y ago
      Indeed- there were a good number of useful "Web 2.0" sites available out there widely being used before someone came up with the term.
- pshc 4y ago
  > almost nobody can store and process the whole chain Maybe if you’re talking about Solana? Projects that actually take decentralization seriously (like Ethereum) ensure that you only need consumer hardware to run your own node, and even an archive node with full history is attainable. Plus they have proposals in the works to prune old state.
  - raspberry1337 4y ago
    >Projects that actually take decentralization seriously (like Ethereum) Etherum that is centrally controlled and split after giant scam stole like half the tokens in a "bug", hence why we have pre-split etherum classic. The fact that you think etherum is decentrialized speaks volumes
vitaflo 4y ago
There is nothing about blockchains that requires them to be decentralized, trustless or permissionless. This is a common misunderstanding of blockchains.
- pshc 4y ago
  A blockchain without those properties might as well be a SQL database.

shkkmo 4y ago

Where almost nobody can store and process the whole chain so everyone uses a centralized exchanges and a single company that provides an API to see what happened on chain? In practice, web3 is just as centralized as web2, but with less privacy.

exit 4y ago
you act as if everything about web3 has to be solved right from the starting gun to have any legitimacy :) there are many different competing consensus mechanism and the balance of trade-offs is still playing out.
- shkkmo 4y ago
  The old "it's so new, you expect too much" argument that I have been hearing for years. How about instead of lauding web3 as being so great for decentralization ... you wait until the ecosystem actually increases decentralization. Cryoptocurrency advocates have a long, long history of making empty promises that are never filled. Nobody expects every problem to be solved instantly, but it would be nice if atleast one was solved every once in a while.
  - cbm-vic-20 4y ago
    Indeed- there were a good number of useful "Web 2.0" sites available out there widely being used before someone came up with the term.
pshc 4y ago
> almost nobody can store and process the whole chain Maybe if you’re talking about Solana? Projects that actually take decentralization seriously (like Ethereum) ensure that you only need consumer hardware to run your own node, and even an archive node with full history is attainable. Plus they have proposals in the works to prune old state.
- raspberry1337 4y ago
  >Projects that actually take decentralization seriously (like Ethereum) Etherum that is centrally controlled and split after giant scam stole like half the tokens in a "bug", hence why we have pre-split etherum classic. The fact that you think etherum is decentrialized speaks volumes

vitaflo 4y ago

There is nothing about blockchains that requires them to be decentralized, trustless or permissionless. This is a common misunderstanding of blockchains.

pshc 4y ago
A blockchain without those properties might as well be a SQL database.