A Simple Reason Why Centralization Does Not Stand A Chance
We live in a technological age. Each year we are see more technical advancements that further the development of things. This is something that is only accerlating.
Many ask how I can be so confident in decentralization when the masses showed no inclination towards it.
My answer was proven by a post put up by @reggaemuffin.
In the post, it was shown how the markdown editor in front ends was redone. This was a dilemma since the editor that existed was inadequate. In need of one for @tokenbb, the quest was on. This started with @steempeak that had the most advanced editor yet was still not up to par.
Fortunately, the code was open source meaning that @reggaemuffin could improve upon it. By forking that editor, the progress was sped up since the improvements could be made to what was already in place. There is no competition or issues with what is taking place. In fact, Steempeak will most likely adopt this into its website.
Of course, this is not the end of the story. The new editor is also open source and anyone can take that code and improve upon it. This is how forking in the technical world works. It is taking what is there and +1 it. We hear a lot about forking of blockchains yet that is often a money grab. One of the main reasons to fork is to improve upon the code.
The neat thing about this is now there is a "move" on to keep improving the editor. Anyone on this blockchain can look at the code and amend it as he or she sees fit. Since the Markdown editor is what is used by front ends, this will only help to improve every application that uses it.
Here is the entire post.
This contains, in a nutshell, why centralization does not stand a chance.
Let me ask everyone, what are they working on over at Facebook? The answer is whatever is decided upon within the framework of what management set forth.
And who is working on those projects? Facebook employees obviously.
On here, people work on whatever interests them. Also, anyone is free to add to a project. There are no boundaries or limitations. Anyone reading these works can fork what Reggaemuffin created. It is under an open source license.
The development will eventually overtake what happens at the centralized entities. In short, they cannot keep up. Employing thousands of programmers will not keep pace with hundreds of thousands of them working on open source projects. The amount of code put out by the later keep growing.
People are going to want more advanced things developed. As time goes by, they will not want to wait around for updates and newer applications. This is where the centralized world hits a wall. While they have the advantage of speed in terms of the transactions in addition to money, they will not have the development speed. That is going to cripple them long term.
People may not care about decentralization or freedom or much else we talk about. What they do want is new things to play with. They want newer innovations that are interesting, fun, or make life easier.
The efforts of a couple people just upgraded every front end that uses the Markdown editor. That is something difficult to fight against.
If you found this article informative, please give an upvote and resteem.
ǝɹǝɥ sɐʍ ɹoʇɐɹnƆ pɐW ǝɥ┴
It also demonstrates the strength of community and how they drive innovation and development across ecosystem. Great ideas can flourish across many platforms as they become relevant to each.
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Dear @taskmaster4450
Wouldn't you say that right now we're also experiencing HYPE for decentralization? This word is like a magic spell already. Many seem to act like "decentralization can cure all problems of todays world".
I know we're all fully aware of flaws of centralization. But decentralization is still something very new and it seem that most of us are simply blinded by benefits and hardly anyone tries to figure out what will be the price for those benefits. What disadvantages will come along?
I would like to know what do you think,
Yours
Piotr
This is a very interesting question @crypto.piotr
Though I've seen very little about the drawbacks of decentralization, I don't expect the informed opportunity cost analysis would indicate that centralization is the more effective route. It could also turn out that many of the drawbacks of decentralized systems will be shared by their centralized counterparts. Still I'm now quite interested to learn more about the 'cost' side to the cost-benefit relationship in decentralized systems such as Bitcoin or decentralized crypto in general, all thanks to you!
Centralized entities are faster at making decisions. It may not be the best decision but they make it quickly nonetheless. Decentralized entities have no single point of failure. People usually consider that a good thing but what about in bad situations? What if a fork in code occurs which causes a system to malfunction and harm people? There could be a disagreement between involved parties where some actually support people getting hurt and killed and as a result, this system cant be shut off.
In decentralized systems, people might feel less accountable and are less likely to take action because they think somebody else can take care of it. Centralized entities may have clearer roles for people to follow.
Those are just the ones i could think of off the top of my head. I dont think decentralized always means better.
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Nor do I, but I tend to eschew 'worse', 'better', 'good', 'bad' and so on when I'm really thinking. I've pitched my metaphorical tent in the moral nihilist camp, so to speak.
@kenanqhd you make an intriguing point about the hazards of having no single point of failure. This mirrors some concerns I have about DAO/DACs (Decentralized Autonomous Organizations/Corporations) namely the automation of exploitation. I see numerous examples of corporate interest running amok and harming a great many people. The last thing I want to see is automation and decentralization of that sort of behavior, and this could happen even without any forking of previously innocuous code. Still I think benefit can come from people getting together for a common cause, but often it seems to me this is the exception not the rule.
As for the speed of decision making I can think of one example where centralized and decentralized are practically equivalent, maybe even with decentralized being a bit faster. That is cryptocurrency exchanges. On a centralized exchange internal transactions do take place much more quickly than block time, but to actually hold your own crypto (which I advocate) you have to wait for confirmation to get your money on the exchange the same amount as any transaction. Then you can make your trade(s) quickly, but to get your money back you have to do the whole transaction process again to your own wallet. Assuming no time restrictions or exceptions on withdrawals are imposed by the centralized exchange this is virtually the same in speed to using a DEX for a single trade. With a DEX you just have to wait for confirmation of outgoing funds and incoming funds. Now there's a whole gulf of nuance to be had here with how long you leave funds on the exchange and so forth, but in general I think they are comparable especially if you're trying to hedge against the real risk of the centralized exchange running off with your coins or even being hacked as it is a high profile target/honeypot.
Definitely stimulating discussion, thanks for the comment!
Dear @a-non-e-moose
Thank you for your previous comment. And Im also sorry for such a late reply. I wonder if you even will read my comment ...
ps.
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Yours
Piotr
What you're saying is very true. The centralized corporate world is all about greed and competition. Large corporations are constantly trying to bury each other under frivolous lawsuits and whatnot. They have to employ massive legal teams and their highest management is constantly thinking about how to crush their competition. That is a sad world full of mutual destruction, misery and spiritual extreme poverty.
There is none of that here. Just organic and incremental growth taking place in a massively parallel fashion in a spirit of mutual help and growing together.
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