Web3 is not Decentralisation – it’s a Ploy to put Crypto Bros in Charge

Re:Web3 is not Decentralisation – it’s a Ploy to put Crypto ... by winddude on Tuesday November 30, 2021 @12:31PM (#29394797)

A bit like usenet of old, information could be recreated on everyone running a full node. Making it much harder to censor.

Now this makes sense for a number of industries, particularly financial, where the data is small, and the rewards are large. Storing petabites of porn on a distributed blockchain, probably not efficient.

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Re:Web3 is not Decentralisation – it’s a Ploy to put Crypto ... by okareaman on Tuesday November 30, 2021 @01:20PM (#29395484)

So extrapolating here, web3 is a new kind of anti-censorship system with blockchain that ensures the original information isn't corrupted and replaced with misinformation? It's an interesting topic, but it seems in relation to finances, we're talking about a system that enables financial crime.

Telex (anti-censorship system) https://en.wikipedia.org/wiki/Telex_(anti-censorship_system)

Internet censorship circumvention https://en.wikipedia.org/wiki/Internet_censorship_circumvent...

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