News for hackers. Stuff that matters.

A comment on I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To. Parent comment

Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by Diesel555 on Saturday July 30, 2022 @10:55PM (#32292729)
The problem with blockchain implementation is that most of them still rely on us to trust someone. It is not implemented in the distributed self hosted way people think. The top hacker news submission about Web 3 (blockchain) points out that NFTs and other blockchain technologies are centralized and reliant on trusting someone in practice [1][2].

[1] https://moxie.org/2022/01/07/web3-first-impressions.html

[2] https://news.ycombinator.com/item?id=29845208

[ Parent | on HN ]
Re:I Looked into 34 Top Real-World Blockchain Projects So Yo... by tremarley on Sunday July 31, 2022 @07:42AM (#32294897)
This is true. Many NFTs (not all) rely on trusting some random server. People are doing it, but it doesn't make it right. It's a bad business practice.

There are enough reliable methods to not rely on trusting some random server, but some money hungry developers cannot be asked to implement them.

Similar to how some websites do silly things, like storing plain-text passwords in their databases. People do it, but it doesn't make it right.

[ Parent | on HN ]