this post was submitted on 12 Jun 2023
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I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars "web3"

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[โ€“] [email protected] 12 points 1 year ago (3 children)

What advantage would switching to crypto have? I'm not well versed in how Lemmy works yet but I don't see why Lemmy would need blockchain.

[โ€“] [email protected] 17 points 1 year ago

Because Crypto desperately needs new fodder for the bottom of the pyramid

[โ€“] [email protected] 11 points 1 year ago

Blockchain is basically a write only database. It's great for stuff like financial transactions, but it's not really necessary for something like Lemmy.

[โ€“] [email protected] -1 points 1 year ago (1 children)

Blockchain/proof of work is indeed not necessary, but identities should not be bound to instances. That's the thing #nostr gets right and the #fediverse doesn't.