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I fail to see the necessity or the precision of your prediction of "coalescing of power?" The margins are a good question: Would crypto, on balance, centralize
by jrm4 4y ago
I fail to see the necessity or the precision of your prediction of "coalescing of power?"
The margins are a good question: Would crypto, on balance, centralize or decentralize money more? Again, it's a technology who's very purpose is to decentralize, and it's not unreasonable to bet in that direction.
I'd think it would likely be parallel to, e.g. "video content" and "the internet." Very true that it wasn't linear, and that right now the big centralizers are coming back strong with streaming services, and that there's still Youtube that's mostly not decentralized -- but across the board -- that's a WAY different and MUCH MORE decentralized world than the one before, where literally a television station was your only option.