Why Decentralization Matters
" Decentralized networks aren’t a silver bullet that will fix all the problems on the internet. But they offer a much better approach than centralized systems.
Compare the problem of Twitter spam to the problem of email spam. Since Twitter closed their network to 3rd-party developers, the only company working on Twitter spam has been Twitter itself. By contrast, there were hundreds of companies that tried to fight email spam, financed by billions of dollars in venture capital and corporate funding. Email spam isn’t solved, but it’s a lot better now, because 3rd parties knew that the email protocol was decentralized, so they could build businesses on top of it without worrying about the rules of the game changing later on.
Or consider the problem of network governance. Today, unaccountable groups of employees at large platforms decide how information gets ranked and filtered, which users get promoted and which get banned, and other important governance decisions. In cryptonetworks, these decisions are made by the community, using open and transparent mechanisms. As we know from the offline world, democratic systems aren’t perfect, but they are a lot better than the alternatives.
Centralized platforms have been dominant for so long that many people have forgotten there is a better way to build internet services. Cryptonetworks are a powerful way to develop community-owned networks and provide a level playing field for 3rd-party developers, creators, and businesses. We saw the value of decentralized systems in the first era of the internet. Hopefully we’ll get to see it again in the next. "
Decentralization continues to be one of the most import trends in the world. Not to be dramatic but it could be the difference between having a bright future and living in a dystopia 20 years down the road.
This article gives a great perspective on why we should be optimistic on decentralization's chances at becoming the dominate philosophy. Very much worth a read.
But why did he publish on centralized Medium and not Steemit...?
https://medium.com/@cdixon/why-decentralization-matters-5e3f79f7638e
It is going to be the next big change in the world after the internet - it seems to be a great opportunity for democracy!
Which industry do you think will be benefit from it the most?
I think the biggest near term opportunity for the blockchain is in disrupting the world of logistics, shipping and such.
Beyond that I don't really see an industry that won't be impact in some way by decentralization.
Logistics ... so you keep an eye on the "Vechain" project? :)
I know of it but don't really track it. I am looking forward to the day of disruption and want to be one of the early adopters when something like that is ready.