Re:Web3 Is Not Decentralization
by preseinger on Thursday December 09, 2021 @10:01AM
(#29498057)
Yes, you can easily find examples of bad stuff done by companies. But they're ultimately beholden to laws and regulations which, in the long arc of history, do actually serve the interests of society. That authority is important. And it's totally absent from decentralized systems. If a con man tricks me with a smart contract that drains all of my wealth, I have no recourse. That's a catastrophic outcome, and a fundamental problem with the whole enterprise.
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