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?
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