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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 happene

• 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