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by muneeb
2536 days ago
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Muneeb from Blockstack here. There was a HN Launch discussion recently that might be relevant here: https://news.ycombinator.com/item?id=20413420 The decentralization comes from (a) open-source GPLv3 code, (b) permissionless blockchain, (c) enabling users to host private data lockers, among other things. The discussion on decentralization in our recent SEC offering circular -- page 49 and page 69 at https://stackstoken.com/circular -- is also relevant here. |
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"At some point when this decentralization process is complete and there is a healthy ecosystem of applications and users on the network, Blockstack PBC expects to develop new business models"
This is the Field of Dreams approach to reinventing the internet economy.
Also from that circular: "core nodes are hosted on Microsoft Azure, Google Cloud, and Amazon Web Services, or AWS, which provides us with computing and storage capacity. Some elements of this complex system are operated by third parties that Blockstack does not control and that could require significant time to replace. We expect this dependence on third parties to continue"
I'm struggling to understand what is decentralized about any of this. From my vantage point, you got VC to pay you to run a project on the cloud by saying "blockchain" a lot.