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Not everything is centralized. Internet routing infrastructure (e.g. BGP) is decentralized. Capitalism itself is decentralized allocation of resources. Power
by beambot 5y ago
Not everything is centralized. Internet routing infrastructure (e.g. BGP) is decentralized. Capitalism itself is decentralized allocation of resources. Power grids are decentralized loads and (increasingly) generation.
It's true that centralization & decentralization tend to operate like a pendulum over time. Having a blockchain that provides historic cryptographic evidence of provenance with a modicum of worldwide trust seems like a generally valuable capability to combat all forms of digital newspeak.
- ClumsyPilot 5y ago'Capitalism itself is decentralized allocation of resources' So long as you keep monopolies and abuse of power in check, in the past 30 years we have gone from a dozen conpetitors to like 2 or 3 player cartel in many industries
- Sprocklem 5y agoNotably, this is the result of a failure in our (necessarily) centralized anti-trust system. In the past 30 years, the government has been reticent to pursue anti-trust cases against the growing number of monopolies/oligopolies. Without the centralized regulation of decentralized system, they seem to consistently centralize around a few key players to the detriment of the system.