I'm obviously bullish on web3 - but I wish we'd call out b.s. arguments people make. On the BASE twitter space, someone was talking about "why decentralization" and the example they gave was "centralized DB's getting corrupted." What are the last 3 instances of that happening?
Golden State Warriors and Coachella were using FTX’s centralized DBs to store their NFT collection metadata They can’t reroute baseURI either bc FTX was managing the contracts If it happened in 2022 with industry leaders, then it can happen again in the future, potentially at greater scale
Decentralization helps prevent censorship, ensures integrity and availability. Centralized DBs get “corrupted” all the time — consider when Reddit’s admins rewrote posts on a subreddit they disliked. Decentralization is a key component of what makes crypto, crypto. If you aren’t decentralized, you’re not cr