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ETC Wouldn’t Exist If ‘Permissionless Fallacy’ Was True
Summary: Cryptocurrencies is known as a decentralized world, however the community wanting to expand to a global level leads to an argument that centralization will set in, reports ambcrypto. ETC Developer, Donald McIntyre spoke about a permissionless fallacy meaning "anything can be done, even if it undermines permissionless." To expand, McIntyre explained that free markets, agreements, ...
Cryptocurrencies is known as a decentralized world, however the community wanting to expand to a global level leads to an argument that centralization will set in, reports ambcrypto. ETC Developer, Donald McIntyre spoke about a permissionless fallacy meaning "anything can be done, even if it undermines permissionless."
To expand, McIntyre explained that free markets, agreements, money, and property need underlying systems "permissionless-ness" and since blockchains are permissionless, anything that undermines "permissionless-ness" must be stopped. McIntyre believes Ethereum 2.0 will be the only permissionless, minimized, and immutable proof of work smart contract to exist.
By Claudia Rivera
Tags: Donald McIntyre,ETC
Link: ETC Wouldn’t Exist If ‘Permissionless Fallacy’ Was True [Copy]
