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RE: Auditors Turn Their Backs On Shitcoins

in LeoFinance2 years ago

Personally I think its all fluff, and I think you're conflating blockchain and tokens with a product, you don't need a blockchain or a token to run a distributed system, look at Nostr, its the same idea of sharing messaging without a central server, look at holepunch, its peer 2 peer data sharing without a token, You don't need a token or a blockchain

People are just emotionally tied to their investments because admitting you're wrong means admitting you got scammed and ego and pride wont allow it

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This comment of yours is very interesting, but decentralizing information without a decentralized tokenomics is in my opinion an already lost action. Everything is based on money, to decentralize something I think it must have tokenomics

Lol how do you reconcile that idea when ALL tokenomics is governed by a central authority? They decide the issuance and who gets what, you just trade the float like the exit liquidity you're meant to be.

Decentralisation isn't achieved by slapping a token on access to a service run on central servers, decentralisation is achieved by you running your own instance as an option.

Also not a lot of things need to be decentralised apart from money

Thank you for this clarification and for this comparison. Your comments are always very interesting