Re:Google Has Most of My Email Because It Has All of Yours (...
by Ajedi32 on Monday October 24, 2022 @10:18AM
(#33316932)
The problem with decentralized systems that don't include a currency component is that there's no extrinsic incentive to contribute anything to the network, only to consume.
BitTorrent suffers from this problem; they even have a term for it: leeching. It's managed to survive despite this purely off of the generosity and goodwill of a community of dedicated users, but if BitTorrent were to ever have its eternal September moment I suspect the problem would quickly be felt rather acutely.
With other systems like decentralized cloud storage[1] or decentralized DNS[2] where there are no inherent practical limits on how many resources a single user can consume, the consequences of not including a currency component would be even more severe.
As for the "no recourse" problem, that's inherent to the very idea of self-sovereignty. Yes it's a weakness with decentralized systems, but it's also their greatest strength.
BitTorrent suffers from this problem; they even have a term for it: leeching. It's managed to survive despite this purely off of the generosity and goodwill of a community of dedicated users, but if BitTorrent were to ever have its eternal September moment I suspect the problem would quickly be felt rather acutely.
With other systems like decentralized cloud storage[1] or decentralized DNS[2] where there are no inherent practical limits on how many resources a single user can consume, the consequences of not including a currency component would be even more severe.
As for the "no recourse" problem, that's inherent to the very idea of self-sovereignty. Yes it's a weakness with decentralized systems, but it's also their greatest strength.
[1]: https://sia.tech/
[2]: https://handshake.org/