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What happens when the independent legal entity stops getting funding and has to shut down?
by xmprt 1y ago
What happens when the independent legal entity stops getting funding and has to shut down?
- edoceo 1y agoNeed a PLC+DHT thing maybe? Or maybe someone will try to blockchain?
- verdverm 1y agoWhat happens when the blockchain goes out of business, doesn't have enough hash to ensure security, or rugpulls? The PLC is arguably equivalent to a proof-of-authority ledger
- edoceo 1y agoI was trying to be funny. That did not work. I do think some DHT like things could help. On AT if you lose your domain it's a disaster (right?) I'm foggy on the move to new domain for identity process.
- verdverm 1y agoFor most people on AT, losing your domain is not a disaster because very few people use did:web (100s) and the PLC allows for changing your domain based handle without losing everything. This is one of the PLC's core enablements
- chuckadams 1y agoThe content can be mirrored, and being content-addressed with an algorithm the client verifies, the mirror can’t tamper with any of it. Switching to another DID method like did:ipfs is also a possibility. It’s not a perfect solution to every possible disruption, but it’s a system designed to evolve in response.