"If blockchains aren't really decentralized, what's the benefit?"
A tweet from Suhail asked “if things aren’t really decentralized on blockchains (due to distribution centralizing ala Coinbase, OpenSea, etc), what is the primary benefit of any web3 application otherwise?”. It’s a fair question to ask, and I think there are three primary benefits.Is there one? (Or three?)Centralizing Forces in web3 Aren’t ProprietaryEven if distribution is centralizing around services like Coinbase, OpenSea, etc, that centralization is driven only by network effects (mostly ...
"If blockchains aren't really decentralized, what's the benefit?"
A tweet from Suhail asked “if things aren’t really decentralized on blockchains (due to distribution centralizing ala Coinbase, OpenSea, etc), what is the primary benefit of any web3 application otherwise?”. It’s a fair question to ask, and I think there are three primary benefits.Is there one? (Or three?)Centralizing Forces in web3 Aren’t ProprietaryEven if distribution is centralizing around services like Coinbase, OpenSea, etc, that centralization is driven only by network effects (mostly ...
