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Re:Web3 is centralized and inefficient by hunterb123 on Wednesday March 23, 2022 @12:21AM (#30774917)
Blockchains can be public or private, the key is they are distributed ledgers.
Re:Web3 is centralized and inefficient by hannasanarion on Wednesday March 23, 2022 @12:36AM (#30775001)
A distributed ledger is also not inherently valuable.

A trusted ledger is valuable, but a ledger does not need to be distributed to be trusted. See above.

If, for some looney toons secret agent reason you need a transaction to be in a lot of places, you can ship out usb sticks, put copies of it on different data centers.

Or, just use a regular-ass bank. They already have distributed ledger systems for redundancy and responsiveness. What, you think that out of all of Chase's data centers there's only one server that has any transaction data on it?

Blockchain adds nothing that existing database and data transfer solutions don't have, but it always comes with cost and immutability (which is not the same as correctness- the >1 billion dollars stolen out of people's crypto wallets per year since 2018 is testament to that).

Re:Web3 is centralized and inefficient by yashg on Wednesday March 23, 2022 @02:08AM (#30775491)
A private blockchain is pointless.
Re:Web3 is centralized and inefficient by cuteboy19 on Wednesday March 23, 2022 @01:45AM (#30775374)
Private blockchains are entirely useless. If you already have a permissioned system, there is not point in using a trustless and permission less database