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Centralization is more efficient than consensus building.
by ahzhou 4y ago
Centralization is more efficient than consensus building.
- acjohnson55 4y agoThis is true. Don't know why people are down voting you. But it calls into question why we need centralized exchanges of decentralized assets. The answer, of course, is financial speculation and sophisticated shell games that make some folks billionaires at the cost of the marks who get suckered into believing they're getting in the ground floor of the next big thing.
- pshc 4y agoOnly if the central entity can be trusted not to become a corrupt rent seeker. (Looks meaningfully at TicketMaster)
- ahzhou 4y agoI agree with this as well. Efficiency is orthogonal to desirable outcomes. My point is that things tend towards centralization because the market rewards efficiency.