RE: The Globalism and AI Centralization Endgame: Can Decentralization Win?
The centralization threat can be offset by the decentralization being pushed forward through blockchain technology.
Playing devils advocate (that's not like,me, yeah I know).....
Isn't a blockchain the ultimate in a centralized administration tool....?
Using steem as a example.
We have an oligarchical system here, not a meritocracy.
Oligarchy, meaning 'few', a meaning 'to rule or to command' is a form of power structure in which power rests with a small number of people.
It doesn't matter how many apps there are, it still rests on one centralized system...ergo all it takes is for a few people to control it ('might is right' stake based structure), and we have centralization, central.
We have no idea who owns what - but we know for a fact that the financial system could own it all, if they so wished...
So why wouldn't they?
It seems quite logical...
I'm coming to the conclusion that all crytpo is the banking system setting itself up for total centralization...
What better way to sell total slavery as freedom? (it's not like it hasn't been done before)
Blockchain brings greater decentralization, but there is still centralization, just less of it. When you bring in a POS system, then it's money that rules, unless the POS is based not on buying the shares/stake... The more the stake is in few hands, the more centralized it is indeed.
It's an interesting idea I've thought about as well, and they could buy it all up indeed as long as there are others to sell it, but then anyone can go make another blockchain that they would have to keep buying up, and on and on. Most in crypto don't care about the freedom of decentralization, and just want to make money so they would sell to the rich.