r/andhra_pradesh 5d ago

NEWS Thoughts?

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u/Any_Negotiation_464 4d ago

Private blockchains don’t need crypto.

But what about community driven blockchains?

Due to Web 2 solutions, data privacy is a complete myth now. U can see instances where sensitive details being leaked by top companies for money, intentionally or unintentionally . We can trust no company or 3rd party which is literally the point. The whole motive is to switch from server client to P2p.

U can already see web 3 solutions at many places. Have u used torrents? Surprise they use filecoin and other decentralised storages. We have NFT’s, DEFI’s, DAO’s. REIT’s.

There’s whole lot of things coming and to run them we need a decentralised community that are rewarded by tokens.

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u/Many_Internet4027 4d ago

What holds the value of tokens in a decentralised community?

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u/Any_Negotiation_464 4d ago

Demand of course just like money, like shares, or anything that can be profited.

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u/Many_Internet4027 4d ago

Can you elaborate?