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by plokiju 3048 days ago
> There is very, very little reason to use a cumbersome data structure when better ones exist

Do you not see any value in decentralization? In theory with blockchains, you could replace giant companies with open-source programs that pay for their own server costs with transaction fees, without taking any profit margin off the top. That would be very interesting for stuff like cloud storage and social networks. You can argue it's overly idealistic and may not work out, but you can't pretend there's no value in decentralization

1 comments

> In theory with blockchains, you could replace giant companies with open-source programs that pay for their own server costs with transaction fees, without taking any profit margin off the top

Do you think these applications are viable if the token has significant monetary/speculative value attached to it?

Absolutely - in some cases the monetary value is what makes the applications viable in the first place. It's just like any other market; in theory the price of the token should reach equilibrium to reflect the value it provides, even if there's some speculation along the way