Degraded Blockchains
The minute you connect your blockchain to an app frontend you now have a degraded blockchain, one that cannot even in principle guarantee immutability, trustlessness, and decentralization – at least not for assets that the app's customers actually care about.
I get a lot of pitches for crypto-backed startups in my inbox these days, and virtually all of them suffer from fundamental problems. I've never been able to perfectly articulate the basis for my skepticism until just now. The problem is "degraded blockchains." I really wanted to believe in blockchain, but it's only disappointed me so far Let's back up and look at the promises of blockchain technology. I remember the day the Bitcoin whitepaper was first published – I read it cover to cover and was filled with excitement at the promises, only to be disappointed ever since. Blockchains are suppo
Explore this link on the map →saved by
related reading
- Moxie Marlinspike >> Blog >> My first impressions of web3moxie.org
- Who will control crypto? — saffronsaffron.mirror.xyz
- Fat Protocols | Union Square Venturesusv.com
- What I'm frustrated by in cryptoamirbolous.com
- So you want to be a blockchain developer? :: tr3y.iotr3y.io
- Atoms, Institutions, Blockchains — Josh Starkstark.mirror.xyz
- Feedpsl.com
- Mediumantsstyle.medium.com
- Pay Attention To Celestia - Delphi Digitalmembers.delphidigital.io
- The Web3 Movement’s Quest to Build a ‘Can’t Be Evil’ Internet | WIREDwired.com
- Here's why you don't need blockchain – Herman's blogherman.bearblog.dev
- Why Decentralization Isn't as Important as You Think - haseeb qureshihaseebq.com