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> What is wrong with a public distributed ledger? It is a highly centralized artifact, which is maximally self-defeating if the goal is not centralizing. When
by austin-cheney 3y ago
> What is wrong with a public distributed ledger?
It is a highly centralized artifact, which is maximally self-defeating if the goal is not centralizing. When you actually achieve decentralization nobody else is storing or accessing your activity or hoarding your data. There are no public ledgers or anything to crawl or anything to screen scrape, because its on your hardware and you determine who can access it.
- ntfAX 3y ago[dead]
- noman-land 3y agoVitalik touched on this topic some years ago. "Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure) but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)" https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274 https://medium.com/@VitalikButerin/the-meaning-of-decentrali...