The decentralized mission

in investment •  7 days ago

Whenever I read something like this: „The company’s mission is to leverage blockchain technology to create the first Decentralized....“ I get very weary.

First off a mission to use a technology is just always a bad mission. Technology must be used to enable or support a mission and not the other way around. This is about as useful as saying our mission is to create a company to spend money.

Money, technology or any resource should be used to make the mission a reality.

Secondly, assuming the mission is decentralization, then why is there a company? The point of a Company is to be centralized around one point of control.

Be weary when investing in such schemes.....

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Exactly my thoughts and the thoughts of someone who is far more accomplished in the tech world than any of us:

Here is another related case study:


I feel the same here. ''Our mission'' or ''to decentralized'', really make me cringe most of the time

A company need to make money in the first place or otherwise it will die!

Posted using Partiko Android

Most of these are just marketing scams. Or people that do not really understand what they want to do.

In almost all cases I have seen it was possible to replace blockchain by very slow and inefficient database. And that is not innovation.

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