So crypto is immutable, "code is law", decentralized, whatever, until people need to roll back transactions and use centralized exchanges because "they already solved these issues"? Seems like a whole lot of global warming just to re-invent a terrible imitation of banking...
After reading Moxie's blog post on web3 [1] I feel it is a stretch to call anything Ehtereum-based decentralized anymore when this many applications use Alchemy or Infura as providers for their Ethereum nodes.
Thank you for that link, I see it was posted to hn, but gained little traction.
It certainly puts words to my feelings around current "crypto" trends as someone (probably like moxie) that still remember the first wave of cypherpunks[1] and dreams of digital currencies.
It feels strange when a lot of smart people insists on something that's obviously false in a practical, real-world sense - and it's nice to see someone else shine a light on that, and explain in simple, correct terms what's actually going on.
I wonder if there are any emerging systems that are more likely to realise the idea (ideals) of digital currencies and smart contracts?
I had hopes for etherum, but now I'm thinking that if we'll ever get there, it'd be in the next generation (call it third generation, bitcoin being first, etherum second - and earlier things generation zero).
I'm thinking it would be proof-of-stake, and somehow viable as real peer to peer, or split in a more sane way between infrastructure and "wallets".
Also, core devs and all stable cryptos are "centralized" by definition. This whole ecosystem is just cancer to a traditional society. It's not an evolution.
