Miles Jennings
@milesjennings
1/ Centralized control of networks has consequence — Big Tech, Big Banks, and Big AI control public discourse, financial access, and even information. Decentralization eliminates control, but it needs to be incentivized. Here's how. 👇 https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/
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Miles Jennings
@milesjennings
2/ Decentralization isn’t easy. Centralized systems are efficient, coordinated, and fast-moving. They’ve dominated. By comparison, decentralization is inefficient and comes with immense costs. Centralization is like gravity, and it’s hard to overcome the natural order.
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Miles Jennings
@milesjennings
3/ Blockchain technology is a rocketship though — it can help us escape gravity, at scale. Many have already demonstrated this — anyone can own, act, and build permissionlessly, without gatekeepers. But even though it's now possible, decentralization isn’t inevitable.
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Miles Jennings
@milesjennings
4/ Incentives matter. The costs of decentralization are extreme — it requires giving up control, diluting ownership, and inviting competition. Without proper incentives, fake decentralization thrives while true decentralization struggles.
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Miles Jennings
@milesjennings
5/ Regulation is how we can and should level the playing field — rewarding those that reduce risk by giving up control, while holding centralized systems using blockchain technology to merely obfuscate control accountable. For more, see: https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/
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