Re:The Web3 Fraud
by bawolff on Friday December 17, 2021 @12:05AM
(#29588023)
I'm not saying there aren't rational reasons to dislike trusted entities. At a minimum they are single points of failure. But all this does come at a high cost.
The real questions to ask with blockchain stuff:
- at what cost does this lack of trusted entitids come at? I don't just mean in terms of money but also engineering complexity
- what are the hidden trust relationships? Plenty of blockchain stuff still involved trusted entities, its just hidden through layers of indirection. The only thing worse than a trusted entity you dont trust is a trusted entity you don't even know exists.
The real questions to ask with blockchain stuff:
- at what cost does this lack of trusted entitids come at? I don't just mean in terms of money but also engineering complexity
- what are the hidden trust relationships? Plenty of blockchain stuff still involved trusted entities, its just hidden through layers of indirection. The only thing worse than a trusted entity you dont trust is a trusted entity you don't even know exists.