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RE: "Dapp" is a fake word created my marketers to pump up blockchain projects 🤖

in #dapp6 years ago

The blockchains are decentralized, the apps quite often are not.
While Steemit is a centralized frontend. You can read all posts you make on any frontend you like. That makes this process very decentralized. Since steemit, busy or steempeak could not just found their own blockchain and take the data with them. Dlive was centralized since they stored all their videos on their own chain.

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Read https://steemit.com/cryptocurrency/@inventor16/satoshi-never-used-the-word-decentralized-in-the-bitcoin-whitepaper-he-used-peer-to-peer

If @steem or @steemit were both hacked or taken control of the entire steem blockchain is at risk. How do you call that decentralized?

I read the bitcoin whitepaper several times and yes it says "peer to peer" and not decentralized.

Nevertheless, the technology is decentralized by relying on consensus and not on a central element.
If you'd hack the central element of facebook you can do whatever you want. And since this central element is even replicated you only have to hack one of them since no consensus between them is required.

Bitcoin is far from the vision of "peer to peer" of Nakamoto because of the mining pools which centralizes power again.

Now, steem is a relatively new blockchain, this means it will need a while until the steempower is more distributed to the community.

At the moment it is still very centralized due to the big stake and influence the company has.

At this moment it is up to the community to work on decentralizing it further. Of course, if no one takes the responsibility and everyone says "I prefer having no right what-so-ever in the network I engage in" that's their right. But then they should not complain about the missing decentralization as well.