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Well yes, and now you can do it using open protocols, without relying on centralized platforms for the money part. Utility tokens need a decentralized network
by EGreg 3y ago
Well yes, and now you can do it using open protocols, without relying on centralized platforms for the money part.
Utility tokens need a decentralized network so there is no single point of failure. Just like the Web itself (1.0) disrupted gatekeepers at newspapers, TV and Radio stations, etc. that you used to have to pay (“payola”) to get the word out. VOIP lowered the cost of long distance phonecalls to pretty much zero by eliminating middlemen, too. The infrastructure providers shouldn’t ALSO control your app layer, that’s the point!