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RE: Centralization Isn't That Bad (EOS Defense)

in #eos6 years ago

I mean centralization is fine, but there's no reason to use a blockchain if you are going to be centralized. Just use a central database with a few backups, it's more efficient. Centralized blockchains make no sense. The blockchain is a security mechanism that is fragile. If you break the mechanism, there's no real reason to use it. It's a hybrid that makes no sense. The worst of both worlds. Slow, Inefficient, and vulnerable to internal corruption.

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Sure but at the same time anyone can make the argument that no coins in existence are really that decentralized. The space still completely caters to the rich. Also, the more popular a coin becomes the more decentralized it gets.

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