3 ms·

Even as someone who believes in the blockchain, its a little rich to pose it as a counter to Big Tech. Its already being centralized and co-opted by the big gu

by spaceman_2020 4y ago

Even as someone who believes in the blockchain, its a little rich to pose it as a counter to Big Tech. Its already being centralized and co-opted by the big guys.

EGreg 4y ago
Yes, as I said, blockchain sucks. It requires large nodes to run the gateways and people just use those gateways. And so the Big Boys (TM) can come and run those. For example OpenSea may as well be a centralized site with an API for everyone, since all the wallets hit that API anyway. Is that what you want? Are you just throwing your hands up in the air and saying we can never get away from extreme centralization, or are you saying we SHOULD have the extreme centralization? But the idea of crypto isn't just to work on a blockchain. It's about having public-private keys that you use to issue transactions on a decentralized, permissionless network. For example the Dat protocol / hypercore. What about all the other architectures? Is BitTorrent being centralized and co-opted, for instance? Is IOTA tangle or MaidSAFE or any of the other architectures?
- rglullis 4y ago
  That "large node to run the gateways" cost me a total of $250, hard drives included. If you want to spend even less, people can get an old laptop and install dappnode on it. They can even share with their friends. On my dappnode I bought a single 3TB drive to set up Storj. It paid for itself in the first year, now it generates enough revenue to pay for its power consumption and turn a very modest profit. Based on many different nodes just like mine, Storj offers a S3-compatible service at a fraction of the cost from AWS.
- UncleMeat 4y ago
  > It's about having public-private keys that you use to issue transactions on a decentralized, permissionless network. PGP has been around for many decades. Not exactly lighting the world on fire.

3 ms·

Even as someone who believes in the blockchain, its a little rich to pose it as a counter to Big Tech. Its already being centralized and co-opted by the big gu

by spaceman_2020 4y ago

Even as someone who believes in the blockchain, its a little rich to pose it as a counter to Big Tech. Its already being centralized and co-opted by the big guys.

EGreg 4y ago
Yes, as I said, blockchain sucks. It requires large nodes to run the gateways and people just use those gateways. And so the Big Boys (TM) can come and run those. For example OpenSea may as well be a centralized site with an API for everyone, since all the wallets hit that API anyway. Is that what you want? Are you just throwing your hands up in the air and saying we can never get away from extreme centralization, or are you saying we SHOULD have the extreme centralization? But the idea of crypto isn't just to work on a blockchain. It's about having public-private keys that you use to issue transactions on a decentralized, permissionless network. For example the Dat protocol / hypercore. What about all the other architectures? Is BitTorrent being centralized and co-opted, for instance? Is IOTA tangle or MaidSAFE or any of the other architectures?
- rglullis 4y ago
  That "large node to run the gateways" cost me a total of $250, hard drives included. If you want to spend even less, people can get an old laptop and install dappnode on it. They can even share with their friends. On my dappnode I bought a single 3TB drive to set up Storj. It paid for itself in the first year, now it generates enough revenue to pay for its power consumption and turn a very modest profit. Based on many different nodes just like mine, Storj offers a S3-compatible service at a fraction of the cost from AWS.
- UncleMeat 4y ago
  > It's about having public-private keys that you use to issue transactions on a decentralized, permissionless network. PGP has been around for many decades. Not exactly lighting the world on fire.