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A comment on Web3 is centralized and inefficient. Parent comment

Re:Web3 is centralized and inefficient by beambot on Wednesday March 23, 2022 @12:52AM (#30775080)
Not everything is centralized. Internet routing infrastructure (e.g. BGP) is decentralized. Capitalism itself is decentralized allocation of resources. Power grids are decentralized loads and (increasingly) generation.

It's true that centralization & decentralization tend to operate like a pendulum over time. Having a blockchain that provides historic cryptographic evidence of provenance with a modicum of worldwide trust seems like a generally valuable capability to combat all forms of digital newspeak.

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Re:Web3 is centralized and inefficient by ClumsyPilot on Wednesday March 23, 2022 @07:06AM (#30777180)
'Capitalism itself is decentralized allocation of resources'

So long as you keep monopolies and abuse of power in check, in the past 30 years we have gone from a dozen conpetitors to like 2 or 3 player cartel in many industries

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Re:Web3 is centralized and inefficient by Sprocklem on Wednesday March 23, 2022 @05:49PM (#30783920)
Notably, this is the result of a failure in our (necessarily) centralized anti-trust system. In the past 30 years, the government has been reticent to pursue anti-trust cases against the growing number of monopolies/oligopolies.

Without the centralized regulation of decentralized system, they seem to consistently centralize around a few key players to the detriment of the system.

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