MultiversX Tracker is Live!

Why decentralization is better?

Etherum Reddit

More / Etherum Reddit 86 Views

Why decentralization is better?

As a historian, I've been grappling with a question for many years: to what extent can we say decentralization is better to human society than centralization?

It seems there is still no answer satisfactory enough to persuade me, and recently I’ve got my own answers.

Shortly speaking, there are three aspects of decentralization which needed to be taken into consideration at the same time — economics, politics, and culture. Decentralization may happen in any of these three aspects, but the economic and political decentralization can only sustain when the culture is decentralized, and this culture should be based on a certain kind of shared consensus. Without such a culture, we will fall into a totalitarian society very easily.

Cultural analysis is nearly absent in Web3 society, but it's surely necessary. To explain the argument mentioned above more specifically, I’m now serializing a work titled "The Prehistory of Web3". This series begin with a comparison of the highly-Centralized China(since the late-11th century) and the Decentralized West, and then will discuss the mechanism to promote or hinder a society toward a well-balanced form of decentralization.

Certainly Western Europe or the US are not properly decentralized today, and in fact, the risk of excessive centralization is rapidly increasing in most big economies as modern technologies empower governments and business giants to an unprecedented degree. But the risk varies greatly among different countries. And that’s why it’s crucial to study the centralization process which had happened in history — It will offer indispensable lessons on how to discern the signs of potential centralization and how to avoid it if possible.

I wonder whether you think it’s valuable to do this, to offer a comprehensive historical background for Web3 society. If your answer is Yes, please upvote this thread. Let more people see it and give more feedback may help to make a better theory, which would benefit us all if we together seek for a better web3 society.

Here is the link of the first section of the whole series:

https://paragraph.xyz/@prehistoryofweb3/the-prehistory-of-web3-%E2%91%A0-why-decentralization-is-better

Hope you will enjoy it!

And looking forward to your reply:)

https://preview.redd.it/xh3rwgbtbp9d1.png?328&format=png&auto=webp&s=fedc74af94e62d79213b420cc4026140088dd93f

submitted by /u/webthreedevotee
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments