I used to be a big fan of decentralization, but honestly, after learning more about how the world works I think we should still have a degree of centralization. Voting takes forever and the interests of a crowd aren’t any less selfish than the interests of a small group. People will vote on whatever puts themselves ahead, which is 100% okay because that’s how humans operate. We also need people who are experts in a specific subject matter to make important decisions without mass voting. Perhaps those people could be elected.m through a vote. Idk what do you think?
@FarmerNash_ That makes sense. Now, if those experts could be elected democratically, would that imply centralization?
@FarmerNash_ its why we vote people into office, people dont have the time. but lets be real we are experimenting with monetary policy with all the chains, we can experiment with goverance too. find what works best.
There are pro's and con's to every system. There's certainly a lot that could be said about a "benevolent dictator" way of doing things. This of course opens the door to the other kind of dictator, and we've all seen where that goes. Personally I've often thought that those who are most fit to govern are those who don't want to do it. Industry leaders don't see the upside, even if some of them have the most fitting attributes to lead. Leading, government (at least an effective government) is a hard, laborious, dangerous job which is detrimental to health etc. Imo it should be treated as the "duty" of those most suited to do it...but this ofc runs contrary to the ideals of the free world, you can't force people to do it...so we mostly get those who are driven by their own self interests and agenders sidle into the roles and thus we find our self's where we are. But there's hope: 1. Despite it all, human civilisation still exists 2. Easy times create soft men, soft men create hard times, hard times create hard men, hard men create easy times Soon things will go full circle. Can only hope that humankind has learnt some lessons and won't repeat as many as the last mistakes 🤷
@FarmerNash_ Power corrupts. We came to crypto to escape politics.
@FarmerNash_ I believe that the blockchain should be completely decentralized, but teams building centralized products for it...
@FarmerNash_ Decentralization isn't voting though. That's trying to recreate democracy. Which is fine for some things and not great for most.
@FarmerNash_ Decentralization ought to be the goal but immediate decentralization is incredibly irresponsible. Proper decentralization (in every way of understanding that word) needs to happen in stages, otherwise it could get real chaotic real quick.
In terms of voting, blockchain is just not ready yet. It is VERY flawed without centralization and the fact is, it ends up being the rich defines the rules because they have enough voting tokens to vote as many times as they want. They can simply buy them - something not possible in centralized solutions.