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Don’t you think that web3 would also end up centralized? The underlying technology might be decentralized but the ownership is not. For web2 we have more or le
by StefanWestfal 3y ago
Don’t you think that web3 would also end up centralized?
The underlying technology might be decentralized but the ownership is not. For web2 we have more or less working mechanisms like antitrust offices, on the blockchain we do not. In a proof of stacks scenario we would have the power distributed in a plutocratic fashion without mechanism for the many to counter balance the mighty few.
- preseinger 3y ago100% delegating authority to an open and permissionless network of participants doesn't magically solve the problems of centralization, it mostly just subverts the progress we've made as a species towards mitigating those problems