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In order for a decentralized and autonomous blockchain to live up to it's name it needs to provide value to those who verify the transactions on it (ie. the min
by jcfrei 9y ago
In order for a decentralized and autonomous blockchain to live up to it's name it needs to provide value to those who verify the transactions on it (ie. the miners or those who hold a stake in case of PoS). So the two extreme outcomes are: Truly decentralized and autonomous blockchains will disappear an be replaced by private, regulated versions and the value of most current implementations (ethereum, bitcoin) will go towards zero. Or people really value blockchains which can't be controlled by any government and prices will remain high. Most likely we'll see the emergence of both kinds of blockchains - depending on the use case. So to me this is where the analogy to Linux breaks down. Linux became one of the most important - if not the most important - operating system because it was free, open source and had a non-restrictive licence. Truly autonomous blockchains on the other hand can only prevail if they are exclusive and not free.