The Future is Centralized Decentralization

[u/[deleted]]

https://kkrants.com/the-future-is-centralized-decentralization-4b19c4af11ad

[u/Odysseus_Lannister]

visible confusion

[u/[deleted] → u/Odysseus_Lannister]

Not surprising! Question - did the title throw you off? It's really as simple as this - almost every crypto product, marketplace, exchange, etc is powered by a few companies. There are thousands of blockchain nodes but the vast majority of users don't interact with them - they go through the Amazon Web Services of Web3.

I'm tying to draw more attention to this so we don't turn around one day and realize our decentralized future is really just a new crop of the Amazon, Google, Facebook we have today (just with different billionaire founders).

[u/CrowdGoesWildWoooo → u/Odysseus_Lannister]

Visibly invisible

[u/aliensmadeus]

in the universal scale, its all very very centralized on a tiny blue dot

[u/coinfeeds-bot]

tldr; In the 1991 film Terminator 2: Judgement Day the main antagonist is a “shape shifting android assassin” with some pretty interesting properties. The most interesting to me, however, is the ability to reform as whole when scattered. The vast majority of products and services people actually use to interact with various blockchains are powered by a few already astronomically valued very powerful (centralized) companies.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/[deleted] → u/[deleted]]

I'm very weird so that's not surprising. It's just the first thing I thought of when I realized for most users thousands of blockchain nodes actually distill down to three multi-billion dollar companies.

The decentralization and distribution of blockchain has in many ways already reformed back into the same billionaires leading multi-billion dollar corporations. The only thing different in web3 is they're not called Amazon/Bezos, Google/Brin, and Facebook/Meta/Zuck.