polynya
@polynya
"Decentralization" as it happens in crypto is inefficient, unfair, wasteful, asocial, and must be avoided at all costs Except for the 2 or 4 very valuable scenarios where it's the least worst solution
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✳️ dcposch
@dcposch.eth
What’s an example of it being “unfair”?
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Sylve
@sylve
Blockchains seem unable to learn from 100s of years of politics. As if "1 token = 1 vote" was a perfect system. And even if blockchains don't want governance, they'll still have governance. The effort to purge the system of governance results in people constantly discussing what is governance. It's like secularism
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a1z2
@a1z2
The problem with decentralization is that it becomes a catch-all signifier for everything, and thus we think we know what we mean when we say it but we don’t
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Dermot O’Riordan
@dermot
Is this not simply a rebuke against conflating token based voting with “decentralisation”? When viewed through the frame of enabling more competition, decentralisation can also be viewed as an offensive move. Particularly on the supply and demand sides of DePINs Needless to say, token holders != community (!)
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Hank
@hung
But nothing is decentralized expect Bitcoin.
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rileybeans
@rileybeans
Heavily agree with this. Curious to hear solutions!
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ruminations
@ruminations
It’s memetic autocracy
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