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Yup, I've come to realize that the word(s) "centralized/decentralized" are doing way too much heavy-lifting in these discussions, and that examining the details
by jrm4 4y ago
Yup, I've come to realize that the word(s) "centralized/decentralized" are doing way too much heavy-lifting in these discussions, and that examining the details is very important.
When you use one of these words, you have to immediately ask -- "the power to do WHAT, exactly?" As in, compare to the question e.g. "Is Tesla centralized w/r/t Elon Musk?" You can't meaningfully answer the question with yes or no, and this gets even more complicated with many things in crypto, especially with (the extremely stupidly named) "Smart Contract" as a part of the game.
- mattwilsonn888 4y agoI've had the same realization illuminated to me as well. "Decentralized," is just the shape of the network - what people really care about are what the opportunities to control the network look like and how preventable central power is. Its unintuitive but the network can have a centralized topology while still possessing the positive traits people actually seek when they use the work 'decentralized.' https://www.youtube.com/watch?v=C81D6B9sgH8 https://www.youtube.com/watch?v=C81D6B9sgH8