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What if other operators don't want to introduce an additional governing entity with a super power of taking their customers? Like if they don't want additional
by splix 6y ago
What if other operators don't want to introduce an additional governing entity with a super power of taking their customers? Like if they don't want additional corruption, easy to misuse power, etc?
I mean, I can imagine government wants this, so if such ideas comes from government you're going to have such regulatory body. But otherwise, if it comes from operators itself, they don't want to introduce such entity, and they don't want to award one of them as an ultimate boss to rule all of the numbers. Blockchain, at least, gives them a chance to continue to be equal.
- DamnableNook 6y agoBlockchain backers seem to take it as a given that centralization is bad. But when pressed on why, the best answers I have seen are “because centralization is bad”. Well, I guess that’s not 100% true; the first answer is that we shouldn’t trust authority. Why? Because authority is bad. Why? Because authority is bad. But as this article articulates so well, that’s a red herring. Like, you can come up with all sorts of wild scenarios where central authority can be bad. But ultimately, these are scenarios you’re unlikely to encounter in the real world, and if you do, there are much simpler solutions. Blockchain technology always reminded me of that XKCD about cryptographer expectations vs. reality (https://xkcd.com/538/ https://xkcd.com/538/): it’s solving a problem that only really exists in fantasy for 99% of the population.