[m00dy]

Defi has never been down.

[tmpX7dMeXU]

I could name plenty of other systems nobody wants and speak to their uptime, too? My Plex server probably has better uptime than GitHub lately but I’m not gonna start pushing my code there. It does its job serving the barbie movie, just like defi tells me who to unfollow.

[ta1243]

The whole point of git was its decentralisation.

Then people just moved to a client/server model hanging off github.

But you're right, local servers are more reliable than big cloud ones.

[hdctambien]

I think you may have missed a bit of their point... a plex server is a video hosting server.. like a personal Netflix. They wouldn't push their code to their Plex server because it's not a server that accepts code pushes.

[ta1243]

Last time I checked plex was just a linux box with some software. No reason why you can't push a git repository onto it

[Chilinot]

Plex is a piece of software for playing media. It's not an operating system.

[ta1243]

which runs on a linux server

[LadyCailin]

Not on average. On average, with proper failover and redundancy, you can get five nines, which is 5 minutes of downtime per year. I have that much every time I reboot my machine.

[lifefeed]

"My toilet pipes are broken and I have to get a plumber."

"Shitting in the woods is never broken."

[11235813213455]

until you step on it

[vermilingua]

It’s also never been up

[oooyay]

Well yeah, in DeFi you also wouldn't have an anti-fraud gateway because then there'd be no transactions.

[LightRailTycoon]

I've developed a DeFi anti-fraud gateway, first version runs on stdin:

  yes '"Fraudulent Transaction Detected"'

I also have a json api:

  while true; do echo 'HTTP/1.1 200 OK
  Content-Type: application/json; charset=UTF-8
  Server: anti-fraud gateway
  
  "Fraudulent Transaction Detected"'|nc -l 8123;done

[q87b]

https://web3isgoinggreat.com/?tech=defi

[piva00]

Defi doesn't have disputes nor chargebacks either, complete no-go for any mainstream checkout flow.

[arrowsmith]

And yet no-one apart from a tiny handful of techbros uses it.

Almost as if uptime isn't the only thing that matters.

[anaganisk]

But it is illegal depending on the country, Or a scam depending on the receiver, Or centralized if you use a hosted wallet, DeFIs merits on paper sound life changing, but reality is far from it. It's an unorganized, volatile mess.

[danheskett]

Not a great message when billionaire tech-heads are getting scammed for seven-figures and are entirely defenseless. If Mark Cuban can't get the vendor/tech mix right, what chances do an average Joe have?

[fullspectrumdev]

Assuming because someone is successful and competent in one area means they must be competent in other, related areas has a habit of going poorly, and happens a lot in tech.

[smeej]

The average Joe has a whole different set of incentives than Mark Cuban.

It's much easier to sort out the smaller set of incentives the average Joe has and align them.

[jklinger410]

The value is down on 99% of the coins, though

[flangola7]

Defi has no fraud protection

[xyst]

people in the comments are getting nasty. Sure the ecosystem is plagued with scammers, but financial system in general is filled with scammers. We just have insurance products or the faith of the US government to bail you out lol

I still believe in digital currency as the future.

[inductive_magic]

The -highly entertaining- comments are rightfully bashing the de facto state of defi in the context of GPs comment.

Remind me when a digital currency actually exists, because I haven't seen one yet. The problem isn't just that the ecosystem is filled with scammers, its that the tech doesn't solve any existing problem but creates new ones instead. Web3 is a joke.