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varelaseb | 11 months ago

Hi Will!

Thanks for taking the time to reply to this.

Now that I have the context, I find what you're doing super interesting, and well thought out. And greatly value the passion you're building it with as well.

I want to clarify, my message wasn't intended as a dig at what you are doing - especially since I didn't actually look into it at all before writing my reply.

By definition, and especially when explained with enough detail, anything that we do couldn't be done with a different tool, in the sense it'd have to be done differently.

What my comment was meant to address was the original comment's question regarding the value of doing something "on-chain". Mainly because it's something that I've been thinking about a lot, being a founder as well in a similarly-hyped vertical.

At it's core, blockchains are a database, and so any high level goal - beyond the composability/interoperability of on-chain primitives through tokens and shared state - can be achieved without a blockchain.

However, there are many reasons to leverage the position of a blockchain project beyond the technical _need_ for a DLT.

The VC environment might be attractive to some -leveraging the network effects of a sufficiently decentralized network, tapping into ecosystem incentives and growth programs, personal alignment with the moral values typically associated with decentralization, personal connections in the industry/vertical, etc.

All that to say; no one asks why you're using a relational database or a graph database with as much suspicion or caution as they do why you're putting your stuff on-chain, and while that makes sense because of the... unique circumstances of DLTs, there's a lot more nuance to it from a business perspective than just asking yourself the "is it a grift?" question.

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willguest|11 months ago

I guess what i wanted to get across was that ICP is considerably more than a database, but tbh it's a massive rabbit hole, unless you're already into cryptography. I'm impressed by the foresight and scale of it though.

I thinks it's also the first thing i would call an AI governor, and there is a whole liquid democracy protocol that's pretty well thought out, imo

Thanks for the kind words