Genuinely curious why. I'm willing to change my mind on it.
Can someone explain why it's a good idea to make a "decentralized" internet when most of the voting power on that internet is in the hands of the team and VCs - it's centralized. On top of that, there's shitty practices from the team. They're not providing info on the important questions from the community. Feels like they just don't give a shit. Also, how do you even defend Digital Identity, I'd rather stick with the internet we have now.
I want to understand. I'm not even criticizing what's under the hood, but I just see it as a bad investment with power-hungry people behind it that want to reshape internet into something that they can control, ironically enough.
Because moonman said 2K eoy and I can't bring myself to sell at a loss
John Rivera
Because of the tech and the big team of professionals, but also because I am locked in for 7.5 more years
Jeremiah Davis
1. web speed blockchain (supports hundreds of thousands of tx’s per second) 2. unlimited scalability 3. chainkey cryptography enables cross-chain defi without the need for custodial services (this is huge) 4. trivially easy to integrate with existing web2 infrastructure (no need for wallet, digital id to use, no user has expenses etc) 5. Fully composable smart contracts makes it easy to leverage data and existing smart contracts for the creation of novel applications. 6. True world computer running on the blockchain (virtual machine with all the security guarantees of blockchain). 7. True decentralization (other blockchains may have more nodes, but they are hosted on private servers like aws and microsoft azure). The Internet Computer is truly decentralized among hundreds of geographically diverse specialized servers.
Other blockchains share these features, but none of them have all 5. If you would like more technical explanations of the technology, I can remember talking to Diego Pratts or lastmjs.eth on twitter, they have a lot of good info.
Challenged to overcome in the near future:
1. Increase decentralization by improving node count and approving nodes on the waitlist (Badlands, etc)
2. Release working Bitcoin/Eth integration for canisters
3. Establish token standard for the tokenization of digital assets and defi
Remember, this is an L1 that has barely began to deploy it’s defi ecosystem, there is a lot of potential here for growth and other competing change are quite developed in this regard.
>The Internet Computer is truly decentralized among hundreds of geographically diverse specialized servers. Run by the Dfinity Foundation and 3 people that bought specialized hardware equipment and did KYC to be able to contribute.
Like I said, it's not that I'm not impressed by what's under the hood. It sounds like a dystopian version of the internet where some Silicon valley faggots get to decide what goes and what doesn't. I don't care how cheap and fast it is and all the revolutionary stuff you can do with it when that's the fine print. It's literally the antithesis of crypto. I guess I have more of a ideological issue with it than tech (+ all the shady shit from the team on launch).
Gabriel Cox
That's great but I'm here to make money.
Charles Flores
And how's that working out for you? You're holding fucking ICP. That's the last thing I expected to hear
Christian Barnes
>(+ all the shady shit from the team on launch). What was the shady shit that you speak of? >3 people that bought specialized hardware 72 Node providers with over 400 nodes. dashboard.internetcomputer.org/providers >Silicon valley faggots get to decide what goes and what doesn't. This is the current status quo...
It feels like you're being disingenuous ngl
Nolan Diaz
then dont buy it, cuck? is someone paying you to harass us over our icy peez?
Unlike most retards on here I like to buy the bottom. If It doesn't work out it doesn't work out bc I'm not overexposed.
You seem too emotional and spiritually female for this.
Adrian Carter
Best tech of any L1.
Actually verifiably working product.
Most ambitious project of all.
Autistic and charismatic CEO
Julian Richardson
because fuck sbf
Bentley Sanders
How do I code makoto on windows sers
Aaron Lopez
uninstall windows and install linux
Grayson Thompson
>What was the shady shit that you speak of? reddit.com/r/CryptoCurrency/comments/oa37lt/massive_thread_about_dfinity_and_the_internet/h3xhpqr/ Read it. Or just read this TLDR. TLDR: Provided proof that Dfinity (possibly intentionally) withheld important tokenomics information at launch, and still do. Proof that they lied to their investors and prospective buyers about selling their tokens, lied to their original investors about a fair launch. Proof that they controlled 92% of the circulating supply at launch and failed to mention this fact. They promised a fair launch to all investors and then blocked one of their investment rounds from selling, the private round which paid the most for the least amount of tokens, while they and their early contributor friends and seed friends dumped the price 95%. And the rest of the post is me whining about how this ruined me personally because of poor health.
inb4 hurr durr reddit
>This is the current status quo... OK. So why change the status quo with literally the same thing except a different company in power (Dfinity Foundation)? You're not changing anything then.
>You seem too emotional and spiritually female for this. kek Ad hominems when not having a response is literally the most female debate tactic there is. Keep projecting user. You're doing great.
Blake Martin
if a retard here could take some time to make this stupid song dsocial.app/2213-555 you are even retardeder for not buying.
lmao you got btfo faggot, buy or don't buy nobody here is gonna hold your hand and tell you it's alright
Nathaniel Brooks
>most of the voting power on that internet is in the hands of the team and VCs - it's centralized Wrong. biggest whale has like 6%. the high voting power that dfinity has is from stakers choosing to follow dfinity because they are too lazy to vote for themselves. this is getting mitigated by more and more entities other than dfinity to follow being available to choose from, and governance proposals not being followed by default. >Run by the Dfinity Foundation and 3 people Wrong. there's 72 node providers currently and dfinity will overhaul the entire node provider process to be decentralized and non kyc this year forum.dfinity.org/t/the-state-and-direction-of-decentralization-nodes-on-the-internet-computer/9170/46 >dystopian version of the internet not sure how taking the power away from bezos and being able to make an infinite number of anonymous internet identities is dystopian >he chases pumps and fomos in ngmi
You. Can't. FUD. The. Tech.
Levi Ortiz
someone on Any Forums said it was good in an alt thread yesterday so i bought £1k worth
Gavin Murphy
>They're not providing info on the important questions from the community. Feels like they just don't give a shit. Wrong. forum.dfinity.org is very active and any questions get answered. >how do you even defend Digital Identity not sure what's wrong with them. 100% anonymous, you can make a million of them if you want, and each dapp gets a unique id so you can't be tracked across dapps. >Proof that they controlled 92% of the circulating supply Wrong. user if you really believe this, you have much bigger problems to worry about than icp.
You. Can't. FUD. The. Tech.
Carter Lopez
>Transparency How is it transparency when they pretend that's not the case and call it decentralized when it's effectively not?
>Nice thread from 8 months ago with 3 comments Nice response. Is it invalid then? I said "+ all the shady shit from the team on launch" and you expect me to not link something from the time of launch? What?
>If you think that dfinity was established in 2016 just to scam people 5 years later you're entitled to that opinion. I don't think it's a scam. Once again I have to say it's impressive tech and obviously a lot of work has been done to make it, I'm not denying that. It's just when you combine a team that obviously doesn't care about the community, shitty business practices, decentralized in name only and having to tie an identity to everything you do on it, I'm allowed to criticize it.
Stop larping retard. You expect me to believe you lump summed at 14$ and now you're in profit? You're literal best case scenario is being in profit 30% idiot, it's nothing to brag about.
Okay, at least one person here I can respect. I'm not going to backcheck everything right now, but I'm saving this to look into it further.
David Ross
It'll be pretty damn transparent when a website is taken down because it has to be called to a public vote.
