4 ms·
It will take a lot more time, but I think that decentralization will win in the end. Society could not operate without social contracts and those social contra
by cryptica 8y ago
It will take a lot more time, but I think that decentralization will win in the end.
Society could not operate without social contracts and those social contracts are founded on certain universally agreed upon principles of fairness.
As the fairness of our economic system comes into question, more people feel justified in exploiting loopholes within social contracts; this causes social contracts to lose their integrity in the minds of people; which further exacerbates the problem/behavior.
Eventually, there comes a point when most people are cheating the system; at that point, the system can no longer function and it collapses.
Centralization creates an unfair economic environment because it limits the spread of economic opportunities. Most people already see centralization as a problem; as a source of injustice and inequality.
Just as the process of acquiring private property (as a result of wealth accumulation) becomes increasingly unfair, social contracts founded on principles of ownership of private property are themselves becoming weaker.
- dnautics 8y agothere are situations where decentralization must win. You cannot, for example, have a centralized network between the Earth and Mars.
- ghthor 8y agoI'd argue economics is a system that requires decentralization as well. Now with cryotocurrencies the burden required to get a seat at the table went from basically an impossible game of politics and expression of violence/dominance to a purely technical one. If I want to become a member of bitcoin I just need to start computing and now I'm a member with voting power. At an individual level this doesn't mean much, but at the geopolitical level this is a huge improvement. The future I see before us is our governments dropping the administrative burden of managing, minting, and distributing there own currencies and becoming a contributing member to the crypto computing platforms. If I was an up coming developing nation I'd be pouring money in into computer engineering to become a member of these global currency movments.