Why Decentralization Matters

I turned Chris Dixon's legendary article into a mini-documentary:

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Hey guys! Last year, I read hundreds of thought provoking articles on Bitcoin. On this channel, I turn the best ones into documentaries.

Subscribe if this interests you :) Love you all! -Drew
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Why Decentralization Matters

During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community. This meant that people or organizations could grow their internet presence knowing the rules of the game wouldn’t change later on.

During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google, Apple, Facebook, and Amazon (GAFA) — built software and services that rapidly outpaced the capabilities of open protocols.

It became much harder for startups, creators, and other groups to grow their internet presence without worrying about centralized platforms changing the rules on them, taking away their audiences and profits. This in turn stifled innovation, making the internet less interesting and dynamic.

Centralization has also created broader societal tensions, which we see in the debates over subjects like fake news, state sponsored bots, “no platforming” of users, EU privacy laws, and algorithmic biases.

Cryptonetworks use multiple mechanisms to ensure that they stay neutral as they grow, preventing the bait-and-switch of centralized platforms.

In short, cryptonetworks align network participants to work together toward a common goal — the growth of the network and the appreciation of the token. This alignment is one of the main reasons Bitcoin continues to defy skeptics and flourish, even while new cryptonetworks like Ethereum have grown alongside it.

If you want to support this mission, donating would really help me get more videos out faster. Here's my BTC address: bc1qgglvf4t3sz33ple692r473cjze08m30mgva8ntwgxl63nd4zexmqyy99fh

and Bitcoin (lightning network address): lnbc1ps7nqp7pp5gu2huhs74st6jtuxxgmwyjeamef4c28mu0g7evc9dwny5f96r50sdqqcqzzgxqyz5vqrzjqw8c7yfutqqy3kz8662fxutjvef7q2ujsxtt45csu0k688lkzu3ldcqsj026uquzxgqqqqryqqqqthqqpysp57e63mvt3hq0lstdufazz5hknck8uk6lzax4aldz2kczq8elay89q9qypqsqcaf4zvf3lxslmvvhaw234dex32n7njqn0s8qcww5tmexzx7c29uryw0mukq8gdqwc8hgkjgtgq5sq75smvkr6mg4jd7ketct6pr6c0cplmk0dz

Thank you!

[DAO-Vision]

So glad you made this video! Decentralization is often overlooked in todays world where trust is instilled in MASSIVE institutions. The institutional imperative is collapsing as people realize the tools and tech to manage everyday life exist. Governments will be much smaller in the future in my opinion. You have my subscription!

[coolbeans]

It goes beyond internet and crypto.
This applies to monopoly corps and government as well. "Absolute power corrupts absolutely " the more power a company or government attain, the higher the cost, lower quality of product or service, and more likely for corruption.
Government and business should operate more like a net work instead of traditional hierarchical structures.
Having the ability to opt out in favor of a better alternative is also an essential aspect.

[yxdddy]

This video definitely needs more views, decentralization may sound fake and unfeasible due to the monopoly not only from GAFA but also from many other giant firms in their field. But I believe capitalism prohibited the evolution of mankind and has to be involved to the next form shortly. I fully support decentralization, it can be implemented into various industries not only limited to web3, but web3 will be the basis.

[dullgeek]

And further defined in Ethereum?

That's where you lost me.

Ethereum is NOT decentralized. Never has been and there's no path towards it. PoS will increase centralization.

[lontracomunistalibertaria]

Dude, your content is awesome! Glad to find your Youtube channel. This channel turned into my favorite one!

[aojsr]

Drew! I wish there’s a way I can help you churn out more of these! Wonderful work

[parthmalik]

can decentralized companies also be closed or not?

[nachannachle]

Excellent presentation! :)
I still think that the underlying article was very weak and full of platitudes: Web 3.0 is not powered by the blockchain of Bitcoin or Ethereum, nor "cryptos". It is powered by inter-communication protocols and tools, whether they be blockchain SDKs/Frameworks, DAOs, Layer-2s, Bridges, Vaults, Oracles, Relayers, etc. Clearly, the writer needs to DHOR on Blockchain 3.0.

[handlemyece]

This is a brilliant video. Thank you so much

[ryanrothenburger]

I love your channel. Keep up the good work!

[pepemed]

For the first time a clicked in a video that I found on reddit.

[carrefamily]

ahh the commy internet. Nutty mcnutterson.

[PeterDeNardi]

Solid breakdown, well spoken. +1 sub here!

[jasonsellers]

A perfect explanation of Ethereum begins at 4:28

[imperialyoshi]

It’s tacking way to long for it it feels forever so much propaganda and bs and if you say something they go against there policy crap that only benefits theme

[captainpumpkinhead]

"Formerly Meta"

Ha! I love it!

[iszotic]

:v by the community you mean the crypto whales?

[imperialyoshi]

I notice that all that bs were being feed us a scam

[humblepleb]

Best Bitcoin Documentaries ever, there, I said it!

[Kallsup]

Nice video thanks alot! Liked and subscribed