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RE: Governance & Use Cases - Let's Talk About It

in LeoFinance3 years ago

Blockchain = Incentive Layer + Text immutablility.
Anything else should go on IPFS, imo. Having your own blockchain, like a Sia, Arweave (blockweave there), FIlecoin, etc., I've seen them all, I'm pretty sure. The issue is they create their own standard, like an island. LBRY did the same thing, try to reinvent a new standard and force people on it. We believe if you use blockchain to pay storage people and keep the storage separate from the chain, you have the best of both worlds. IPFS is widely used and will continue to dominate the "decentralized land" of web3. Think of IPFS as a giant, unkept plot of land. Land that is not cultivated doesn't really do much for anyone. IE having IPFS storage but no incentive layer means no one is going to store your files for free. However, bring some water, IE incentives and pay people to store files, then you have a landscape that can grow. Prob should get to bed soon. My analogies are starting to blend into reality.

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This makes so much sense. Sorry for keeping you up xd