At least some of the information is on-chain and can be verified.
Actually it isn’t. What is on chain is custom Json messages that cannot be trusted. Think of them as withdrawal or deposit slips. You can ask to withdraw $1M and fill out a slip but it doesn’t matter if your account doesn’t have the balance.
Yeah but if you are running your own node that knows the rules you can verify the custom JSONs as legit.
good point
exactly. that's why I never understood how splinterlands is considered a DAPP for example. there is not a single point of actual decentralization in it
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We use the term dApp very loosely in these parts.