I lost some ETH two weeks ago because I sent it to another. network and that was all, no way to get it back. It was just gone.
I sat down, reflec...
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Blockchain is only a verification method and cryptocurrency technology is far from mature. Decentralization is realized through the negotiation between servers which is called consensus, but some idiots falsely told you that is blockchain. Over that stupidity, they created more stupid things called dapps, nft, web3, which are of nonsense. There is no web3 at all but stupidity.
Your first Line "Blockchain is only a verification method and cryptocurrency technology is far from mature." we both agree and peer-to-peer network is the founding block of decentralization which is centered on the consensus mechanism
While I do believe there is a line between all this thought and not just a foolish idea, a lot of the apps today are not decentralized but they hold a tiny closeness to the founding fathers thought process
For now lets see how it matures
There is nothing valuable in decentralized apps. becuase app can not be decentralized, it can only be opensourced.
I appreciate how you broke down such a complex topic into easy-to-understand concepts. Your writing style is very engaging.
Thanks, really appreciate your kind words
Great article! I particularly enjoyed your perspective on this. Do you have any plans to write a follow-up?
I never thought of doing a follow-up. I feel everyone can make up their mind moving forward.
Yes?
What Bitcoin brings is the demand that people need an automated money system controlled by no one but the code and corresponding secured open data regardless if it is decentralized or not.
The blockchain is only a side effect product with no much importance to the money system. But some people falsely treat is as a big thing and illusively think it can re volute the web app industry, and they waste money and time on it to create a lot useless shits and cheat the investors.