Re:People don't want to run their own bank
by practice9 on Friday February 04, 2022 @08:19AM
(#30206422)
Yes, decentralization at the core creates a better environment for experimentation and competition at the 2nd level built upon it
[ Parent
| on HN ]
Also fuels better competition and experimentation in the attack space - replay, dusting... novel ways to part people from their assets.
Re:People don't want to run their own bank
by UncleMeat on Friday February 04, 2022 @08:26AM
(#30206487)
People say this but also complain like hell about gmail making up a huge portion of email or facebook making up a huge portion of web browsing.
Re:People don't want to run their own bank
by capableweb on Friday February 04, 2022 @08:30AM
(#30206526)
That's OK, complaining helps the ecosystem improve. If gmail ends up being so bad that people start abandoning it (which I haven't seen yet in my friend-circle, most people are happy enough with it), it's possible to migrate to something else and still interact with people who use gmail.
Contrast that to Facebook Messenger. Either you're a user of it and can message others using it, or you're not and you can't interact with others using it. You have no choice, it's either in or out.
This is the difference between centralization and decentralization, the amount of options you have available.