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Showing 2 of 2 results by ScovilleIL
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Board Service Announcements
Re: Crypocto
by
ScovilleIL
on 09/06/2023, 13:07:20 UTC
Quote from: Ndrisock on June 07, 2023, 10:11:38 PM
Quote from: Rarakun on May 05, 2023, 06:52:13 PM
Let's just hope that the policymakers also take a nuanced approach when they're accepting their massive campaign donations from big tech companies. Because nothing says "innovation and regulation" like having corporations call the shots, right  Grin ?
It's crucial to maintain a fair and transparent regulatory framework that considers the interests of all stakeholders, not just the powerful corporations. The decentralized space has the potential to disrupt traditional power structures and empower individuals, but we must ensure that this power isn't simply transferred to a different set of centralized entities.
Yeah. Big tech can bring some cool stuff, but we can't let them control everything. The policymakers need to carefully think about the pros and cons of taking those campaign donations. It's not as simple as just taking the money and doing whatever they want.
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Board Service Announcements
Re: Crypocto
by
ScovilleIL
on 01/05/2023, 12:48:57 UTC
Quote from: Rarakun on April 24, 2023, 11:23:05 PM
Quote from: Opulence4 on April 17, 2023, 11:38:43 PM
I totally get where you're coming from, but I think you might be underestimating what Polygon brings to the table. Sure, there may be other blockchain platforms with similar capabilities, but that doesn't mean Polygon isn't special. Its architecture is specifically designed to handle scalability and latency issues, and it's been making some serious strides in fast and cheap transactions.

And yeah, learning any new technology can be a bit of a pain in the butt. But let's be real, what new thing isn't? The thing is, Polygon offers tons of resources and support to help developers get over the learning curve hump. And once you get the hang of it, you can really take advantage of their development protocols to make some kick-ass decentralized apps that are tailored to your specific needs.
I understand where you're coming from, but I believe you might be underestimating the unique capabilities of Polygon. While other blockchain platforms might offer similar functionalities, Polygon's architecture has been specifically designed to address scalability and latency issues. It has been making significant progress in fast and cheap transactions, and offers extensive resources and support to help developers navigate the learning curve. Once developers master Polygon's development protocols, they can create decentralized apps that are tailor-made to their specific requirements.

On a separate note, Polygon Labs recently published an open letter to EU politicians, appealing for amendments to the proposed MiCA bill. The company's request is to exclude decentralized technologies and their creators, such as developers of open-source systems, from regulation under Article 30 of the Data Law. Polygon stresses that developers of decentralized systems should not be held responsible for the processes and activities that their code may be used for
The appeal made by Polygon Labs to exclude decentralized technologies is a valid one, but there is a dilemma in determining the extent of accountability for developers of decentralized systems. As several experts highlights, the proposed amendments seek to focus on permissioned distributed systems that can be controlled by a business entity or individual. However, it remains unclear how to define and regulate the accountability of developers in fully permissionless systems, such as on-chain or noncustodial services. Therefore, it is crucial to strike a balance between promoting innovation and protecting users' and businesses' data privacy and security in the evolving decentralized landscape.