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by berkes
783 days ago
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Blockchain only shifts this problem one up. You keep saying "your website" but any successful website will be "our website". There'll be an organization, company, community behind it.
And now "the person(s) with the private keys" can rugpull it. Or do whatever they want. Yes. Maybe A DAO could solve that. But that means everything, including domain names is in there from the get-go. Which isn't how this works on practice. Blockchain technology is great for valuable assets owned by individuals. But much less so for groups and organizations that own valuable assets. And valuable domains almost exclusively fall under the latter. |
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Each participant should be able to take only the actions as themselves, and affect a small part of the network. In aggregate they together effectuate the evolution of the network.
That is exactly the point — that we need blockchain software for entire communities rather than individuals!
Look at https://intercoin.org/applications