Is Decentralization Done For?
Lately, I've been thinking about the idea of decentralization in the blockchain. The idea of distributing governance to millions of machines worldwide. On paper, it looks like a perfect alternative to centralized currency with self-custody and immutability.
But if you look closer at it, decentralization is an impossible task. Think about it this way:
Mining rigs are distributed worldwide, meaning no central entity can fully govern the network without consequence. The ecosystem itself is distributed and so is the consensus. But at the end of the day, these mining rigs require a valid internet connection to communicate to each other. And the providers for their internet are corporations that most likely record your traffic. This essentially means that even decentralized machines are automatically centralized the second they connect to an ISP.
Additionally, it's nearly impossible to create your own wifi without either connecting to a pre-existing ISP's plan or a data center owned by that ISP.
This question has been bothering me, are we no longer able to enforce decentralization?
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from Bitcoin - The Currency of the Internet https://ift.tt/WSvMAd2
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