Comment on The Fediverse and Content Creation: Monetization

• brachiosaurus@mander.xyz ⁨1⁩ ⁨day⁩ ago

  Bitcoin and ethereum blockchains are built to be open, public and decentralized. The difference between these and a bank could be compared to the difference between reddit and lemmy. Is reddit a scam? Perhaps not on a large scale but it has all the potential to become a scam once its executives decide to do so. Lemmy is not owned by a single person which makes it way more harder to “control”.

  source

  • amino@lemmy.blahaj.zone ⁨13⁩ ⁨hours⁩ ago

    nobody said Ethereum had to be controlled by the state but when most of the influential figures who keep it running, including its creators participated in inflating the NFT ponzi scheme you can’t say it isn’t a scam because it’s “decentralized”. BTC and ETH don’t meet any definition of decentralization, that’s why DAOs failed

    source