Why Decentralization Matters — Chris Dixon
Chris Dixon is an exceptional founder, orator, and investor in the tech space. As an early Internet builder, he knows everything about its stages, which legitimizes his acquaintance with Web3. Chris is particularly talented at clarifying complex computer science concepts to anyone like they are 5. He translates his ability into distinguished content, and this post is a compelling example.
“Why decentralization matters” emphasizes the evolution of the Internet and how it went from a community-driven open-source protocol to a centralized network under the control of the mighty tech corporations. Although the Internet offered tremendous innovation and growth, it also unfairly confiscated an enormous value generated from user-data monetization in exchange for convenient and extremely cunning applications delivering “user-friendly” experiences. The result is a monopolistic and untrusted Internet serving and benefiting investors rather than its users.
In “Why decentralization matters” Chris questions the way capitalism should apply when users are the product. Software has indeed devoured the world. However, its bulimia derives into a dystopian model where overconsumption drives an unsustainable demeanor and corporations endeavor to provide the best software to milk users instead of expanding the market size. With regulators’ help, users get educated about the system however, this does not help them to get a piece of the pie but cookies instead — thank you for “notifying” us about your cookies, but how can we profit from them too? Could we monetize our attention? Can we sell you our data directly? Can we benefit differently than by just consuming your product? Is there a place for us in the value chain, or are we cows just allowed to get milked?
Thanks to crypto, business models are changing. Now consumers also become players, voters, developers, and stakeholders. They can participate, organize, and even govern their effort as part of a decentralized autonomous organization. As a contributor to the network they can earn a piece of the value chain. This is the power of “crypto networks”.
In his post, Chris not only unfolds how Bitcoin is bringing back decentralization to the broken Internet but also how, by providing the tools to govern, protect, incentivize and reward transparently; Bitcoin and the Blockchain are bringing to our radar a revolutionizing model that is more inclusive and fair while distributing the power and eliminating trust issues.
Read here “Why Decentralization Matters” .
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