Author Topic: With Decentralization, Where is the Money?  (Read 1009 times)

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Offline Samupaha

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Nice article at CoinDesk: With Decentralization, Where is the Money? (although no mention about BitShares)

Quote
If we are to strictly follow bitcoin’s first principles of decentralization, then very little to no money should be made by the centers.

Bitcoin, the system, is itself the quintessential decentralized and autonomous ecosystem today. And its center is poor, because it is non-existent as an entity. All of the revenues/profits are being made at the edges of the bitcoin network.

So, if we are to mirror bitcoin, we need to stay true to its decentralized characteristics and properties; not just as a matter of principle, but as a matter of operational integrity.

As it evolves, decentralization is not something that is categorically there or not there. It’s not a black or white situation yet. There are different flavors, shades and degrees of decentralization. It is becoming something we aim for and reach over time, not overnight.