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1/ Investors continue to extol blockchains for "decentralization". But we already have many technologies to do so: IPFS, datproject, Bittorent, etc What they’re actually promoting blockchains for is the ability to create MLM schemes on-demand with a large supply of greater fools
I strongly agree with you on tokens vs. equity. I think you slightly understate the benefits of blockchains...but there are even more problems also (how to hold value against forking, unless you have a monopoly, ie property titling).
