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I will say it: Decentralization has definitely been overhyped by certain fringes - that doesn't mean throw the baby out with the bath water, though. The cry to
by bitxbitxbitcoin 8y ago
I will say it: Decentralization has definitely been overhyped by certain fringes - that doesn't mean throw the baby out with the bath water, though.
The cry to “decentralize all the things” does include moving things incrementally from single choke point to multiple choke points to multiple choke points working together with a byzantium consensus mechanism to a truly decentralized model without a single point of failure. Many projects are better suited to a hybrid model at this point in time by virtue of what is technologically feasible, as well. Example problem people still butt heads with in "decentralization": nothing at stake for PoS.
Lots of food for thought when tackling this - thanks for raising the important question in this hype cycle.
- smilesnd 8y agoIf everything started to use blockchains then we could all be decentralized by 2035.
- bitxbitxbitcoin 8y agoWhat do you feel about this statement/observation: If everyone started to use hybrids then we could all be in electric cars by 2035.
- smilesnd 8y agoTruth just for the fact most people buy a new vehicle every 10 years or so mattering different things. Plus I hear in certain places they getting rid of the gasoline so people will be more in a rush to purchase something running electricity sooner then later.
- TeMPOraL 8y agoIf by "decentralized" you mean the 10% of us who wouldn't starve during the first month would be running around the ruins of our civilization with spears, hunting animals and each other, day in, day out. We couldn't survive the loss of efficiency that would happen if "everything started to use blockchains".