ebertucc
Joined 9 years ago
Joined 9 years ago
Centralization (on Binance) made the attack appealing, but decentralization (of crypto broadly) is the only reason it's possible, and centralization (of USDT et al) is the only path to recovery.
Re: the marketplace: we'd want to be able to revoke teacher access too, and sometimes we may need to roll back transactions (Goods not delivered? Wrong goods delivered? Wrong goods purchased?), and then I have to ask... why involve a blockchain at all?
The only compelling real world use case I've seen is helping people navigate hostile governments or dysfunctional economies.
The stolen USDT will likely be returned because Tether can do manual freezes like a traditional financial institution.
Where code is law the funds are just gone.
Like even in your example of the marketplace I don't see the benefits over having a central authority. Who determines who is a student or teacher? Who kicks out bad actors? Who resolves disputed transactions?
https://augros.org/home/html/www/site/web/files/root/public/...
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[0]: https://github.com/aseprite/aseprite/
[1]: https://www.aseprite.org/faq/#can-i-sell-graphics-created-wi...
More broadly, "resolve etc." in the above quote sounds like a mathy expansion of "compromise", which happens in almost every legislative body every day. Although maybe that's done implicitly and not explicitly.
I used CDBaby[0] since I had only one album and don't expect the 9% revenue cut they take to amount to more than the one-time $30 fee.
If you're more prodigious and commercially ambitious, Distrokid[1] charges $20/year and takes no revenue cut at all. (It was even endorsed by the founder of CDBaby on this very site[2]!)
[0] https://cdbaby.com/ [1] https://distrokid.com/ [2] https://news.ycombinator.com/item?id=6519175
Also, SimCity eventually got an offline mode.