10-15-2021, 11:33 AM
I'm tired of people acting like centralization is okay. No, centralization is NOT ok
<!-- SC_OFF --><div class="md"><p>Over the past few months I've noticed a trend on this sub where lots of people seem to think that centralized blockchains are fine. I saw this with SOL, and now with BNB. The reality is that centralized crypto is horrible and it defeats the entire reason why crypto is so great.</p> <p>Centralized crypto is somewhere between decentralized crypto and the traditional system, but it is the worst of both worlds. <strong>Centralized crypto is not immutable (transactions can be reversed, look at ETC), it's not trustless and it's not censorship resistant</strong> which are the most important benefits of a decentralized blockchain.</p> <p>A centralized blockchain defeats the entire benefit of blockchain itself, which is decentralization. There is no point in using a centralized blockchain, a SQL server would work a lot better. I fully expect to be downvoted and have people in the comments attacking me for this, but the reality is that centralization is horrible and should never be justified.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/roberthonker"> /u/roberthonker </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q89bw3/im_tired_of_people_acting_like_centralization_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q89bw3/im_tired_of_people_acting_like_centralization_is/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Over the past few months I've noticed a trend on this sub where lots of people seem to think that centralized blockchains are fine. I saw this with SOL, and now with BNB. The reality is that centralized crypto is horrible and it defeats the entire reason why crypto is so great.</p> <p>Centralized crypto is somewhere between decentralized crypto and the traditional system, but it is the worst of both worlds. <strong>Centralized crypto is not immutable (transactions can be reversed, look at ETC), it's not trustless and it's not censorship resistant</strong> which are the most important benefits of a decentralized blockchain.</p> <p>A centralized blockchain defeats the entire benefit of blockchain itself, which is decentralization. There is no point in using a centralized blockchain, a SQL server would work a lot better. I fully expect to be downvoted and have people in the comments attacking me for this, but the reality is that centralization is horrible and should never be justified.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/roberthonker"> /u/roberthonker </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q89bw3/im_tired_of_people_acting_like_centralization_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q89bw3/im_tired_of_people_acting_like_centralization_is/">[comments]</a></span>Kind Regards R