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> livelihoods depend on... centralized points of control This control they have has nothing to do with centralization or decentralization. They get it through

by cush 4y ago

> livelihoods depend on... centralized points of control This control they have has nothing to do with centralization or decentralization. They get it through the data-economy we live in - monopolistic companies syphoning petabytes of information about us to build impenetrable moats of data that smaller businesses can't compete with. Currency isn't even on their radar. It's irrelevant. When that cash or coin needs to be transferred into real tangible value, they'll be taking their share, regardless if the system that transaction is running on is an Pentium 3 AMEX COBOL server, or via the mining rig that came out last week consuming the energy from burning a small rainforest.

ETH_start 4y ago
>>They get it through the data-economy we live in - monopolistic companies syphoning petabytes of information about us to build impenetrable moats of data that smaller businesses can't compete with. This has everything to do with centralization.. the exclusive access these companies have to vast troves of private data is a consequence of billions of people relying on a handful of companies to provide internet services to them.
- cush 4y ago
  It depends what companies we're talking about. Most of these companies are not internet services, they're so big that they're logistics companies - manufacturing, shipping, receiving, legal, human resources, etc etc etc. The internet is the conduit and plays a role in their marketing and sales, but there is absolutely no economic incentive for companies to share the data or consumers to move to an inferior product. This stickiness means consumers will purchase from those companies because of influences imposed by their data-moat (better price and product) If you say that decentralization is the solution, I'd retort "what are you even planning on decentralizing?", because most of their logistics isn't on "the internet", it's on the dark web

by cush 4y ago

ETH_start 4y ago

>>They get it through the data-economy we live in - monopolistic companies syphoning petabytes of information about us to build impenetrable moats of data that smaller businesses can't compete with. This has everything to do with centralization.. the exclusive access these companies have to vast troves of private data is a consequence of billions of people relying on a handful of companies to provide internet services to them.

cush 4y ago
It depends what companies we're talking about. Most of these companies are not internet services, they're so big that they're logistics companies - manufacturing, shipping, receiving, legal, human resources, etc etc etc. The internet is the conduit and plays a role in their marketing and sales, but there is absolutely no economic incentive for companies to share the data or consumers to move to an inferior product. This stickiness means consumers will purchase from those companies because of influences imposed by their data-moat (better price and product) If you say that decentralization is the solution, I'd retort "what are you even planning on decentralizing?", because most of their logistics isn't on "the internet", it's on the dark web