How does the Internet Computer make things better?
“The Internet Computer makes it possible to build websites, enterprise systems and internet services by uploading software into a seamless open universe where it runs securely and can easily interact with users and other software.”
Let’s fantasize for a moment and say the IC really isn’t just a giant boondoggle financed by DeFi ideologues cum opportunists de Luxe.
How will the Internet Computer pay to run itself? To NSP’s? Pay in “coin”? (Cough, cough)?
How will the infrastructure providers make money so they are incented to keep the system running and able to upgrade hardware? (Coins?)
How will bad actors be identified and removed?
Will peering agreements and transit agreements still work?
How will regulation work in-country and inter-country?
Will China and other country Internets fit in?
What happens to DNS?
Who will be liable for under-performing, faulty, or failed activity?
The technical community that builds the IC will be responsible (financially and legally) for anything going wrong?
How will changes, upgrades, fixes, etc. be decided and who owns liability?
How is it that the world will swap a multiplicity of “Big Tech Monopolies” for One Totalitarian Monopoly: the unelected IC Technical Community?
How is it the mission of IC to “guarantee the [permanent] availability of APIs? What if I don’t want everyone to have use of my APIs forever? I want only paying customers, for example, or ones that I prefer or deliver my operation value?
This statement is the doozy of doozies:
“The resulting complexity, the highly custom nature of the systems assembled, the special developer knowledge needed to maintain them, and the associated vendor relationships, makes it expensive and difficult to migrate and adapt legacy systems as needs change.”
Two things, re: complexity…
1) “How does Threshold Relay work?”
2) “Important Note: This Answer Is Very Out of Date”
When the secret sauce of sauces is something as complex to run in the real world to support billions or trillions of transactions and its public description is "Very Out of Date" with nothing to replace it, it’s worse than out of date. It’s a fraud.
