/biz/ - Business & Finance

>>53219238
What do I mean when I propose the network is not decentralized? I’m not talking about the number of nodes or node providers, I’m referring to the central point of control that is the NNS and the role it plays. Democracy is not decentralization. The NNS has control over literally every aspect of the network, and without it, the network cannot function. This is in contrast to governance in other crypto projects, where users vote to make changes to very specifically designed aspects of a project that simply cannot be automated otherwise.

The NNS has control over the entire topology of the network, meaning subnets are not created or load balanced at the protocol level, spawning new ones when all others are at max capacity, it is simply DFINITY picking from a pool of nodes to spawn a new subnet. Again there is plans for DFINITY to secede and let the enthusiasts(?) manage these things but again Democracy is not decentralization.

This leads into why I stated that asynchronous smart contracts are not well implemented. This thread goes into more detail as to why the subnet model hinders this core aspect of the ICs design. TL:DR? Subnets only make sense for synchronous state machines, putting asynchronously communicating cannisters together in a centrally controlled & designed subnet means that developers are limited in the kinds of network topology that will be running their app. This is in contrast to Avalanche’s subnet model where the Dapp developer has control over the subnet’s creation, it’s rules for gas, and whether node joining is permissioned or permissionless.

>>53219240
The second point is that the network is not scalable. You might think this is untrue based on DFINITYs marketing, however think about what scalability is; it’s the ability to increase and decrease in throughput. With node rewards on the IC, nodes are minted a fixed amount of dollars worth of ICP regardless of the amount of transactions they process, this means the network requires constant growth as node rewards increasingly debase ICP the bigger the network becomes. The network cannot scale downwards from a point of massive expansion without breaking into a death spiral as noted by some people on this forum. This also means to prevent a death spiral in the event of the network expanding then contracting the NNS would have to delete various subnets and remove nodes from the network and the cannisters they host to prevent a death spiral. This is a fragile system.

This is in contrast to every other blockchain network which can expand and contract dynamically depending on demand, which is in my opinion one of the most impressive aspects of blockchain networks, that they are anti-fragile (at least the good ones are).

My final point is that DFINITY views the IC as a commercial product and not a sovereign network like the Ethereum Foundation views Ethereum. This is of course my most subjective opinion, but I do feel strongly that this is the case.

>>53219240
well, once vcs stop dumping, biz and pol neets will slurp to control the nns. We'll basically have a form of democracy that hates jews and niggers and roasties on a platform thats powerful that you can literally sign transactions eth, avax, doge, btc in your wallet without even needing the responsability of a private key.

Thats all I need to know. Government wants to remove a legal prostituion frontend? Theyll have to pump our bags and buy bajillions of piss tokens.

>>53219343
Based

>>53219343
Whatever.

I would never buy icey pee anywau

>>53219343
I kneel

>>53219238
Kek post TX LARPer.

Not selling a single pee. Keep lying and seething tho little nigger.

Its a fair writeup but you made a lot of assumptions about what dfinity thinks and plans for the IC even though they've made statements explaining some of it. The main thing is that dfinity only wants to be involved in a management capacity in the early days. By design as ICP becomes more used dfinity loses control over the NNS. The more nodes that are deployed the more decentralized the network becomes. As it stands now it's not decentralized and, frankly, that's a good thing given how little people understand ICP and the stupid proposals they've put forth.

>Reposting content from the dfinity forum as fud.
So anyway.
ALWAYS BUY ICP, NEVER SELL ICP

>>53219787
Lol did he, and u ere i was giving someone the benefit of the doubt

>>53219238
Stfu you stupid nigger catpirate

didn't read not selling

just keep a sui stack so you don't rope

>>53219238
>In my opinion these are the two key selling points for the IC over other networks however, sadly, they are not implemented in a way that is congruent with the crypto ethos. I’ll explain why.

i dont care i just want to make money

>>53221101
what is the sui?

>>53221926
1000

>>53219238

/biz/ is dead

>>53222529