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This is on point. I've been saying for years that while decentralization is good in many contexts, it's not necessarily good in every context. This is why I'm b
by kethinov 5y ago
This is on point. I've been saying for years that while decentralization is good in many contexts, it's not necessarily good in every context. This is why I'm bullish on Matrix and Mastodon but remain skeptical of cryptocurrency, NFTs, etc. The former seems like real power transfer to the people from centralized platform owners. The latter seems more like a speed run to teach Libertarians why we got all our financial regulations.
- seibelj 5y agoThe libertarians have been going full speed ahead, and their system has not crashed yet. You can regulate the margins and the connections to tradfi but many teams and projects are anonymous, and cannot be stopped easily. The experiment is happening right now.