“Protocol changes more slowly than a platform” is really the crux of the entire issue here but not stated as such. The key advantage of centralized services is

“Protocol changes more slowly than a platform” is really the crux of the entire issue here but not stated as such. The key advantage of centralized services is that they are fast, coordinated, more intelligent and also easier to love than a mob. The only things that a mob will ever do are things that don’t require you to be smart, coordinated or fast. It’s great for some things but here’s the catch: nobody is going to invest money into a mob because there’s no leader and no way to be confident about your investment. People are going to gush to their friends about “that mob” the same way they might have with Instagram. we’ve just spent an enormous amount of time and money learning the very simple and obvious fact that in order to have nice things we must have smart, honorable men around who can lead our society to victory at the helm of these centralized businesses. They think if they fiddle around with decentralized stuff enough they can eliminate the need for exceptional business leaders.