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Im not sure what you mean by perpetual controversy either. What I mean by “less terrible” is socially, not technically. Centralised datacenter based developme

Im not sure what you mean by perpetual controversy either. What I mean by “less terrible” is socially, not technically. Centralised datacenter based development leads to digital feudalism, where the owners of the datacenters take control of the “digital land” and build moats around them (often fake, imaginary - see how text messaging has no interoperability anymore when 10 years ago it did) In blokchain / decentralised databases development this is not possible - people can always access the data that’s on chain, and they can extend your code, see it, change it (depending on the license even copy it and just make a slightly different product, a la Uniswap V2 and Sushi Swap). This leads to a real free market for applications, instead of the digital feudalism that naturally results from centralised data centers.

klez 4y ago
> people can always access the data that’s on chain Doesn't that have heavy privacy implications? Or is this a solved problem the solution to which doesn't get much publicized?
- kranke155 4y ago
  That’s a good point I don’t have a rebuttal to. The potential dystopia is that crypto can lead to something like a digital society that’s completely naked to the nation state and everyone knows what everyone else has done, forever, always. Every transaction, movement and digital app usage would be in a transparent public ledger with everyone’s IDs attached to it. It’s not a good scenario and which is why I feel like any idea that CBDCs are a good idea seem delusional.
ctxc 4y ago
- Who pays for the low latency high capacity data storage costs? - The ad-model subsidizes almost all costs for the end user. I couldn't even DREAM of storing an arbitrary amount of photos and videos and text spanning years, highly available all the time, ability to search and communicate with anybody etc for free without this. There are huge costs involved with this that the "data moat" subsidizes. Note that I'm not referring to the "morals" of doing this, my question is pragmatic. - Why will say, a Facebook do this with "decentralized data"? - How do they pay their bills, what monetization structure do you envision? - Will people pay for something they have always had for free? It won't be a nominal amount since they have to bear the costs of running the service, there's no subsidization.
- kranke155 4y ago
  Those are all great questions. I honestly don’t expect rich media to be stored on chain for a long, long time - not unless some Pied Piper type solution shows up! On monetisation structures - no idea, the only thing blockchain does is build a permissionless system where people will be able to experiment wildly with different models. Like Jobs said when he launched the iPhone “I’m excited about the stuff we don’t know about” more than what’s out there now (Ethereum being at best now a rough Beta project). Certainly the monetisation of digital art has changed a lot of what some of my favourite 3D artists have been doing - they no longer compete for likes on Instagram (worthless) but actively promote their NFTs from which they can make good money out of. They are producing the exact same kind of output - digital art - but NFTs are quietly taking over the whole space and changing the whole economic structure.
  - pionar 4y ago
    > actively promote their NFTs from which they can make good money out of. People pay for inherently worthless NFTs with inherently worthless tokens, so they're not making good actual money unless they happen to cash out on an upswing.
    - kranke155 4y ago
      Thinking that cryptocurrency doesn't have value at this point is a hopeless perspective.

klez 4y ago

> people can always access the data that’s on chain Doesn't that have heavy privacy implications? Or is this a solved problem the solution to which doesn't get much publicized?

kranke155 4y ago
That’s a good point I don’t have a rebuttal to. The potential dystopia is that crypto can lead to something like a digital society that’s completely naked to the nation state and everyone knows what everyone else has done, forever, always. Every transaction, movement and digital app usage would be in a transparent public ledger with everyone’s IDs attached to it. It’s not a good scenario and which is why I feel like any idea that CBDCs are a good idea seem delusional.

ctxc 4y ago

- Who pays for the low latency high capacity data storage costs? - The ad-model subsidizes almost all costs for the end user. I couldn't even DREAM of storing an arbitrary amount of photos and videos and text spanning years, highly available all the time, ability to search and communicate with anybody etc for free without this. There are huge costs involved with this that the "data moat" subsidizes. Note that I'm not referring to the "morals" of doing this, my question is pragmatic. - Why will say, a Facebook do this with "decentralized data"? - How do they pay their bills, what monetization structure do you envision? - Will people pay for something they have always had for free? It won't be a nominal amount since they have to bear the costs of running the service, there's no subsidization.

kranke155 4y ago
Those are all great questions. I honestly don’t expect rich media to be stored on chain for a long, long time - not unless some Pied Piper type solution shows up! On monetisation structures - no idea, the only thing blockchain does is build a permissionless system where people will be able to experiment wildly with different models. Like Jobs said when he launched the iPhone “I’m excited about the stuff we don’t know about” more than what’s out there now (Ethereum being at best now a rough Beta project). Certainly the monetisation of digital art has changed a lot of what some of my favourite 3D artists have been doing - they no longer compete for likes on Instagram (worthless) but actively promote their NFTs from which they can make good money out of. They are producing the exact same kind of output - digital art - but NFTs are quietly taking over the whole space and changing the whole economic structure.
- pionar 4y ago
  > actively promote their NFTs from which they can make good money out of. People pay for inherently worthless NFTs with inherently worthless tokens, so they're not making good actual money unless they happen to cash out on an upswing.
  - kranke155 4y ago
    Thinking that cryptocurrency doesn't have value at this point is a hopeless perspective.