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I know it is really easy to disparage blockchain but in my opinion smart contracts can mitigate much of the startup buy-up problem. They allow describing a syst
by vvpan 3y ago
I know it is really easy to disparage blockchain but in my opinion smart contracts can mitigate much of the startup buy-up problem. They allow describing a system as an autonomous protocol that is not "owned" by an entity. Yes, the company that builds tooling around the protocol could be bought but unless the protocol is explicitly backdoored nobody can pull the rug from under the users' feet and data ownership remains in the protocol participants' hands. Blockchain UX is not yet where most people would like it to be but it is improving fairly quickly and I think we could see adoption of autonomous protocols in the next couple of years.