Plebbit is a fully peer-to-peer, decentralized alternative to Reddit Built on IPFS that doesn’t rely on centralized servers or federated instances like Lemmy or Mastodon. Instead of traditional infrastructure, .No single point of failure, no global mods with ultimate control, no admin backdoors.
In theory, this should mean true censorship resistance and user ownership of content. Communities (subplebbs) are moderated locally with cryptographic keys, and moderation actions are transparent and accountable. It’s a different model than just “federated social media” this is more like BitTorrent for discussion forums.
Do you think a system like this can scale in practice?
Can it maintain quality discussions without centralized moderation?
Will regular users adopt something this technical?
Is it really more decentralized than alternatives, or just differently centralized?
Sounds more like a crypto scam...
https://medium.com/@killingbeauty3/how-to-supercharge-your-yields-with-plebbit-a-guide-to-maximizing-your-pleb-yield-rewards-656819bb9bf5
https://plebbit.com/introduction
First link you sent is a scam, the token is not part of the protocol atm
The second link is literally to their own web page.
Regardless of whether its part of the "protocol", it's part of the project.
How do you think the token affects the decentralization of the project?
I have no clue. Nor do I think it matters. I'm judging it purely on the fact that they integrated a token into the project that serves only to enrich the owners, but operates under the guise of an investment. It's dishonest and scammy.
You don't need the token to post or create your own community or anything like that. Our plans for the token is to be used for tipping (in a decentralized manner, without relaying on payment processors) and voting within Plebbit clients (which is up to the client dev).
A project appreciating in value is not a bad thing, it's not a bad thing when you pay developer teams to push p2p decentralized social media.
The token is optional and can be used for tipping, allowing you to earn some money by posting on Plebbit. However, using the platform is completely free.
You don't need a new token to do any of that. You could do it with one of the thousands of existing ones.
You do, however, need a new token if you want to rug pull a bunch of random clueless "investors".
If I'm a betting man, this entire project is 95% scam and 5% project, and that's me being generous.
You don't need to develop a project for 3 years to rugpull it. Rug pulls are low effort
The founder funded this with more than half a million of his own money to build it, if he just wanted to pump and dump a token there are easier ways
There's a first time for everything bo.