@clsytim I'd say the problem is that #Fediverse, and in particular the #ActivityPub protocol it's built on, didn't actually use much crypto and is more about recentralizing around instances than actually fully decentralizing.
Many of us have MAJOR criticisms of this platform, even as we appreciate that it is an improvement and has won a critical mass.
Just for example, the lack of end to end encryption built into the platform is a huge missed opportunity.
From a crypto standpoint, Fediverse is meh.
I really, really wish they had developed the system with more thought, but they didn't.
@clsytim The difference is that centralized exchanges are optional while centralized instances are the foundation that #ActivityPub is based on.
ActivityPub/Fediverse is inherently, by design, centralized, just with multiple centers federating.
Most uses of crypto, from Bitcoin through web of trust, through public key infrastructure, are decentralized, pushing intelligence to the edges, the opposite of this platform.
@volkris really good counter point!!
@volkris yeah, this is a fair assessment. Its not truly "decentralized". But I think you can make a similar critisicm of crypto as soon as you include centralized exchanges.