It doesn't bypass the rule. It just creates an alternative american market for it.
You can still buy bitcoin following the rules of bitcoin if you chose so.
The article doesn't provide someone that understands crypto when their focus is solely on the bad.
Check one of the biggest projects, Polkadot and their Substrate framework. It's an amazing work just from a technical point of view. Lots of projects are non-profit.
There are legit projects. There are many bad projects. HN people generalize and the ones that know the legit projects understand discussing is a waste of time.
You just join IPFS with things like https://crust.network/ and that's 'sufficiently decentralized'. People confuse decentralized with sufficiently decentralized which is what most Dapps are focusing.
> This describes every place on Earth except -- arguably -- Venezuela and Somalia.
That's just ignorance. Argentina, a G20 member, has had banks not allow it's citizens access their accounts in 2002. Currently they don't allow their citizens to buy dollars and have a black market for it. Banks change rules constantly trying to adapt to new laws. This is a similar thing occuring in many countries.
Russia and Ukraine have also strong issues due to the current situation, and citizens are adopting crypto because of it.
Just because you don't know about it, doesn't mean it doesn't exist.
>And the solution to Venezuela and Somalia is to fix the government
Oh. So as a citizen I have to just fix my goverment! Thanks for the suggestion.
If it helps you understand, there's blockchains being built with close to none tokenomic concept to it. Meaning, there's no value on investing on their token but on using the platform. In some cases it's posible, in others it's not since you need to leverage costs/incentives in some way (but they still manage for it to remain low price through inflation, etc).
OpenSea is a DAO, so if they:
a) voted an NFT out: well, people against it would move to an other platform and still have access to their NFT.
b) somoeone on the front-end deleted access to an NFT: they would probably move the front-end somewhere else.
I provided a link to a very thoughtful critique and pointed out how it's lazy. I commented on that, I wasn't expecting on having to give a lecture on the specifics.
As for the quoted part on specific, for instance a blockchain style of consensus allows for personal data to be forgotten but validated by pre-decided metrics. This allows for DiD applications. There's a lot of research and there are also non-blockchain ideas being disputed.
For energy sector I'd suggest this discussion given yesterday: https://www.crowdcast.io/e/web3talk-energy
This article is realy lazy. If you want an actually valid argument against web3, here is Tim O'Reilly's take. He is the creator of the term web2.0 and created much of what we know as open source: https://www.oreilly.com/radar/why-its-too-early-to-get-excit...
I don't understand how these types of articles can reach the front page of hackernews. A hadoop system could provide a replacement? That's like arguing a multi-threaded pc will be a replacement.
Blockchain does have a lot of hype, we can all agree there. But there's decent technology being built too. He is right in that many things are centralized, and many tools have to still be decentralized (like infura).
The thing is, things are being built to solve certain issues and we are at early stages. Wwhat serious teams want to achieve is not "decentralization", but "sufficient-decentralization". As in, you can expect for a protocol to enforce solving conflicts of interest accounting for what the majority in the protocol want. Governance is important here, and it's being dealt with. DiD will potentially allow more democracy (instead of capitalisti) decision of the rules. You have energy sector investing heavily on energy conflict resolution. There's many topics that are solved by certain features.
Measuring the current levels of interest and potential adoption rates of leading data lake table formats using commonly available metrics (github, slack, websites, content, communities)