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Everyone loves cryptography and the chain of blocks structure because they are good things Neither of those things are the defining feature of cryptocurrencies

• lhl 4y ago
  No one cares about decentralization until there's a centralization failure, then those people are glad there's an alternative that others have been toiling away for for years, like with Twitter and the Fediverse. The entire Internet is built on various levels/degrees of decentralization, and while there are performance costs, it's still usually cheaper than the alternative in the long term.
  • RC_ITR 4y ago
    > No one cares about decentralization until there's a centralization failure It’s so wild to hear this, when, actually let’s just count some decentralized failures. 1) Remember when Solana just turned off? I bet you do since it happens so often. (I know, it’s the miners fault; crypto can never fail, only be failed) 2)Remember when Bitcoin hard forked 8+ times and many of those forks suffered 51% attacks due to lack of interest? If decentralization were good, then why does everyone centralize on the original chain? > The entire Internet is built on various levels/degrees of decentralization, and while there are performance costs, it's still usually cheaper than the alternative in the long term. Explain to me how many machines running at under 100% capacity is cheaper. Why does the cloud exist if that’s the case?