|
|
|
|
|
by kykeonaut
1061 days ago
|
|
It really is a shame that all blockchains (AFAIK) are tied to cryptocurrency as reward for participating in their consensus mechanism when it is not necessary the only way to do things. In fact, I believe blockchain will never be decentralized as long as there is a means of accumulation of power over the blockchain, in many cases the accumulation of PoW computing power, or in PoS the accumulation of the cryptocurrency itself. I also believe (without any basis other than the spirit of the correspondence from Satoshi) that Satoshi released Bitcoin in 2008 as a proof of concept, not as a project meant to be adopted by every institution. Bitcoin was created to address the Byzantine Generals problem, and AFAIK it was the first to truly do so. It was not created to be the blueprint to every other blockchain ever. |
|
The main problem is that trust-lessness and decentralization isn't actually necessary, especially for most things that exist in the real world and are at the mercy of the legal systems they operate within (this applies to cryptocurrencies as well - the government doesn't need to break crypto, it can just make interacting/transacting with it illegal).
For a lot of real-world projects, the legal system is an adequate protection. Centralization doesn't require a profit motive - the central party could be set up as a non-profit and then have all the advantages of a centralized system while avoiding a lot of the drawbacks we see in for-profit operations.