Editing Criticisms of the DGF project (section)

=== Technical Criticisms ===
* Blockchain tech is bad<ref>Axel Boldt, "Blockchain technologies should be outlawed", http://math-www.uni-paderborn.de/~axel/blockchain.html (Retrieved 2023 March 5)</ref>
*Bitcoin is well into it's second decade and it is still not useful.
:Answer: Bitcoin started as an anonymous post. It is now worth $500 B with no official developers. It has little coordination encouraging outside developers to contribute. It will be slow. <br>
:DGF is not Bitcoin. We owe a lot to the first proof of concept of a protocol that holds monetary value while being decentralized in its function. However, we intend to do many things completely differently. The slow development of Bitcoin will not be the same issue on a platform that encourages participation with fair rewards and focuses on governance.
*Environment
** Bitcoin's PoW uses the amount of energy<ref>https://ccaf.io/cbeci/index/comparisons (Retrieved 2023 March 13)</ref> of Czechoslovakia. That energy is entirely wasted, except for the minor benefit of decentralized consensus of a mostly useless currency. Redundancy of decentralized systems is orders of magnitude less efficient than centralized databases, independent of PoW.
* Slower than centralized databases
* More expensive
* Scalability sacrifices security
* Centralized interfaces with blockchain are unregulated and untrustworthy (e.g., Mount Gox, FTX)
* It's not decentralized: [https://moxie.org/2022/01/07/web3-first-impressions.html Almost all dApps use either Infura or Alchemy]<ref>Moxie, "My first impressions of web3",

Jan 07, 2022

https://moxie.org/2022/01/07/web3-first-impressions.html (Retrieved 2023 March 5)</ref>
* Bitcoin is impractical
** It has half of all crypto market cap, but it's not practical. After 14 years of operation it's still too volatile, too slow, and has no fraud protection. It's not useful for any merchant transaction, much less a major transaction.
* P2P tech is for criminals
** File sharing is theft: e.g., music and movies
** Bitcoin has only ever been practically used for money laundering, internet drug sales, and sex trafficking in the last 14 years.

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