With Decentralization, Where is the Money?
William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. Here, he discusses where the monetization is behind decentralized business models. 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....
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Since the earliest days of bitcoin, decentralization has been key to its value proposition. But it's also been its greatest obstacle. Whether it's the block size debate, or the ethereum classic debacle more broadly, decentralization in public blockchain networks presents significant hurdles to what can seem like straightforward objectives. After seven years of open-source study, decentralized governance remains a little explored and unsolved enigma. But solving it will likely mean going back to the beginning, asking what exactly we mean by 'decentralization'. Do we mean the distribution of....
Over the years, we have been teaching machines to simulate the real world behavior. We have developed numerous technologies that translate the real world into the digital one. However, there can be, and actually, there is a reverse logic. Solutions on how to make everyday life can be derived from technologies. We are trying to imagine the world through the lens of decentralization and distribution, where people interact, connect and share to achieve their full potential and bring the benefit for a community they are part of. Decentralization is not limited to Blockchain, This week....
With digitized money and a deflationary economy, Bitcoin will usher in second order effects that will reshape the nature of societies. The post The Second Order Effects Of Bitcoin: Digitization, Decentralization And Deflation appeared first on Bitcoin Magazine.
"One thing is clear: this is a serious project now, and we need to start taking decentralization seriously," said Wladimir van der Laan.
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are several aspects of decentralization and that this is part of a gradient scale, explaining the different ways in which even Bitcoin can be seen as centralized.
Binance CEO Changpeng Zhao on Decentralization and Its Degrees
A lot has been said about the benefits decentralization brings to cryptocurrency projects and how it differentiates some initiatives from....