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RE: Meet Coco, Microsoft’s enterprise-ready scalability solution for Ethereum.

in #cryptocurrency • 7 years ago

Defeats the purpose of distributed systems. Eventually all these platforms: Ethereum, Bitcoin, etc will solve the scalability problem and then this centralized option will be unnecessary. The whole point of cryptocurrencies is to disintermediate rent seeking middle men like Microsoft so using something like this really defeats the purposes IMHO of distributed systems.

7 years ago in #cryptocurrency by
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     7 years ago 

    Hi @imrane I can see where you're coming from but I would say this:

    • I see decentralization as this holy grail of crypto but in practice crypto currencies are pretty centralized either because they rely on POW to secure their network (ex: Bitcoin mining is very centralized) or because they rely on a dev team who is in charge of their entire development;
    • as for Coco, they are just a framework on top of a ledger which is itself "decentralized";
    • the word decentralized gets thrown around a lot these days but I don't think it benefits every project, the key factor imo is privacy, if we can achieve a (albeit quite centralized) scaling solution while maintaining the privacy of the data in the network (what Coco offers basically) then the spirit of "decentralization will live on.
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