I agree with you, trying to put so much data on a chain is always going to centralize things. I just look at ETH and I see all the wasted resources of peoole minting bullshit on the chain like rug pull tokens and NFTs and I’m like what’s the point?
Nodes must store all this rubbish data seems like such a waste
I mean I have ETH wallets with thousands of coins that aren’t worth dick and isn’t even worth moving to selling lol why are we keeping record of this garbage
You really need some type of trusted Governance system in place but no one really feels like messing with that crap as we clearly see here with Hives voting system and other voting systems.
Vote out the trash, have some type of approval process. Chains like Cardano and Polkadot should have somewhat of this type of governance but I'm not sure how well it's going to work out.
Binance turned into the same thing. Shit token after shit token for no reason other then to fuel the pockets of the creators and hype it up for no reason. It's actually extremely hurtful to the real goal crypto has.