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One could argue that at this point in its history it stands to benefit more from that efficiency than it would from more robust decentralization. When adoption
by jpereira 10y ago
One could argue that at this point in its history it stands to benefit more from that efficiency than it would from more robust decentralization.
When adoption is low it stands to reason centralization would be high, and so it enables them to move faster to increase adoption, and hence lower centralization as other players and stakeholders enter the game.
However it does also stand the risk of allowing the current influential parties (the developers or miners) to influence the system in their favor. So far though, I don't think this has been the case, but we'll see how this situation plays out.
- tinkerrr 10y agoThere is no doubt that centralization is more efficient than decentralization. The problem comes when developers or other stakeholders don't understand or underplay this feature. Also, centralization/decentralization is a a scale, not discrete boolean values. It will definitely be interesting to see how this plays out. Good luck to everyone involved.