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RE: Why Centralization Does Not Stand A Chance

in #busy5 years ago (edited)

There are many regions such as Africa or Latin America that will remain hopelessly corrupt and ripe for exploitation by their domestic elites and foreign actors, often acting in collusion - until decentralization realizes its full potential. How could China, for example, continue to rob dozens of developing countries blind by getting them to enter into agreements with China that are very unfavourable to them without bribing their corrupt elites? The West is at it, too, and has been for a much longer time.

I think this is one of the reasons why Western elites are so scared of decentralization. The Chinese elite is so scared of even the most primitive forms of decentralization that they're hell bent on building total surveillance. DAOs have the potential to enforce honest interactions like nothing else in history.

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