Re:Decentralization Is a Narrative Mirage
by secondbreakfast on Thursday February 04, 2021 @09:40AM
(#26025660)
I think this is too small of a time window. On the thousand-year horizon, centralization has been consistently increasing.
We may fluctuate a bit to more decentralized in the next decade. If bitcoin "wins", then on one hand it's a story of decentralization - no one controls it! - but on the other it compresses a bunch of currencies and wealth assets into one.
And hopefully the miners don't eventually become centralized...
We may fluctuate a bit to more decentralized in the next decade. If bitcoin "wins", then on one hand it's a story of decentralization - no one controls it! - but on the other it compresses a bunch of currencies and wealth assets into one.
And hopefully the miners don't eventually become centralized...