Blockchains aren’t inherently bad, they’ve just been overrun with fintech scam artists. They’re a tool (or more accurately, a data structure) and how people (mis)use them is unrelated to their inherent usefulness. In any case, blockchains based on commodities with inherent value like indexing and storage are less volatile because it’s harder to treat them like stock assets. Take FileCoin for instance, which incentivizes IPFS hosting - the only way to “mine” filecoins is to prove that you’re hosting IPFS files, thus they’re intrinsically linked to something with objective value. Exercise reasonable caution, but don’t dismiss an entire class of algorithms because some people misuse them.
LBRY is worth looking into, it’s not quite federated but it is decentralized and based on blockchains.
You almost had me until
😉
Blockchains aren’t inherently bad, they’ve just been overrun with fintech scam artists. They’re a tool (or more accurately, a data structure) and how people (mis)use them is unrelated to their inherent usefulness. In any case, blockchains based on commodities with inherent value like indexing and storage are less volatile because it’s harder to treat them like stock assets. Take FileCoin for instance, which incentivizes IPFS hosting - the only way to “mine” filecoins is to prove that you’re hosting IPFS files, thus they’re intrinsically linked to something with objective value. Exercise reasonable caution, but don’t dismiss an entire class of algorithms because some people misuse them.
And doesn’t have a realistic monetization mechanism for creators.
Except for their homebrew cryptocurrency that doesn’t have any signifigant value off the platform.
There’s no way to sell it for USD? Well that’s doomed to fail then