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> It is centralised in the hands of a few companies but that's because people trust those companies. You trust them. I don't. Now what? Are you saying I'm forc
by saurik 4y ago
> It is centralised in the hands of a few companies but that's because people trust those companies.
You trust them. I don't. Now what? Are you saying I'm forced to trust them, because you do?
For every story of crypto projects going awry we can find a story of Google shutting down someone's account without any recourse, Apple abusing their App Store position to ban reasonable content (commentary on sweat shops or even mildly adult content), or Facebook accidentally toppling an entire democracy.
The reality is that these centralized systems aren't some panacea and you are frankly naive to be so happy about using them for the rest of your life.
- threeseed 4y agoWe can play this game on the Web3 side as well. OpenSea takes the blockchain data, filters it and augments it with their proprietary data. Which means that as a user I may buy an NFT that OpenSea is filtering and which therefore is useless on other sites. There is nothing inherently special about blockchain that prevents centralisation or allows you to have a trustless ecosystem. At some point I will trust Metamask with my wallet, Binance for my trades etc.
- TimJRobinson 4y agoOpensea can only make your NFTs useless on Opensea, that's the difference. You can still trade them on Looksrare or other marketplaces. Metamask is the same, if you can't use it you can easily take your coins to another wallet and use them there, you just import your seed phrase.