David Friedberg on the rise & risk of decentralization

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The whole pod was a value packed episode.

The confrontation between members make it real and I appreciate that they correct each other, apologise for or, defend their statements. Live.

M.-.D
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When there is a discussion I love it how David can zoom out. He looks at it from a bigger perspective and ties it to other sectors too. Keep the content up guys.

tonysimoni
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As soon as there is alternative to twitter or fb, I will leave their network. I can not support the censorship of legal speech as a principal. Nor do I support centralised control to a for profit business/oligopoly of people .

webyt
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Just WOW!!! Both an amazing speech and explanation of Ways Of Working that is better than almost any I have heard... 🙏🔥🔥🔥

dustybsa
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I disagree, decentralisation does not mean there are no rules. The rules are just transparent, equally applied and not enforced by a centralised power that can be corrupted.
A decentralised exchange can limit leverage and limit short contracts to less then 100% of the float. It just needs to be written into the code.

teatowel
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Friedberg been spitting straight fire lately

Based_Remy
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BOOOOM absolutely smashes it 💥 right!!!!

rorymc
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The centralized powers are against the volatility of information.

citycams-fc
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"Risk in Decentralization" is basically saying we need the ability to remove individual's freedoms.

peterschooley
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I want to adress the decentralization "cancel culture" "risk of decentralization" etc narrative. The main reason why decentralization exist is because the current centralized system don't work because there is too much centralization and that means billions of peoples faith gets decide by a handful of people. Thats very dangerous what could go to total collapse of the economy what happened in 2008 what got alot of people homeless. So more decentralization is needed. Equal distribution of power or rather a fair shot in life if we really look into what decentralization offers. Now to get to the point of decentralization becoming so dangerous that it will not work. Not possible. Because you have to remember the people's *intention* on why they start to really go for decentralization in the 1st place: They want living on this world to work for everyone, especially those that have not had a fair shot in life. So that the decentralized system will escalate into something that will make decentralization useless and go into doomsday scenarios is *not possible* in both technical and intentional means because the *intention* can't be abused from the start. If there is going to be a toxic mob using decentralization to spread there will always be a counter decentralized part that will stop this decentralized toxic mob because nobody is at the center *in power* to make a toxic mob win. Something what would've happened in this current centralized environment if we take Robinhood stopping buying orders and discord removing a group as examples. So if the intention is solid and the reason why something exist it will always balanced itself out as it was intented in the 1st place what the current centralized systems are not objected to do because no outsider can see what is happening in the inside of centralized system, so there is no accountability and a system like that has proven already that it will bring lots of problems for everyone else in the rest of the world to econonic collapse levels what happened in 2008. P.s. Also remember for centuries we always had centralized systems, always someone on top that gets all the benefits and many at the bottom got little or 0 benefits like those at the top aka disadvantages right from the start and you have only a number of decades to climb up that latter and have a somewhat decent living while alot of *time* was wasted to get to that level already. Only in the last 2 decade ( the internet and the dot com boom, basic chat rooms and social media sites, bitcoin and cryptocurrencies etc) has decentralized systems really come into play for the millenial generation and younger generation and it already has proven that it has the good it has brouht far outweight the bad. From quicker getting information/education to help those in need to create wealth a lot quicker than the roadmap they have laid out for you when finishing traditional schools. So I am certain that this projectory of good decentralization have brought into this world will go even furter for centuries and maybe even become the standard because it has proven that it is alot better than the current centralized systems we live in where we are dependent of a select few in such a way that if they fuckup even once it could be the end of the human race. Thats too much responsibility and thus decentralize everything is the best solution a equal distribution of power and a fair change in life for everyone right from the start imagine what a world like that could do in terms of evolving for the human race.

littv
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Friedberg killed this, but Tesla isn’t the norm it’s the exception and most companies are not Tesla or even close.

kenny
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Friedberg is the smartest kat in the room.

dycakc
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To innovation: Not only believe, the only way to make the real impact i.e. climate change, space etc. Takes time and investment.... people like Elon, should be supported by everyone, including gov, hedge fund etc...it is something that will make us advanced...instead you have hedge funds focus on own interest and accounting... bogging my mind...

njasarevic
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It's obvious that Tesla is undervalued.

galleyo
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To decentralization: I am for improved let's call it "centralization" with some exceptions...coming from Europe...each and every generation of my family went through wars..we all learned how herd mentally can be dangerous ( Nazis etc.)...100% agree with the statement...

njasarevic
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