the.com/decentralization
Trading one throat to choke for a thousand you'll never find.
means The spreading of power, control, or decision-making away from a single central authority to many distributed participants.
from Built from the Latin prefix 'de-' (away, reversing) plus 'centralis' (of the center), from 'centrum' — the fixed point of a circle, itself borrowed from Greek 'kentron,' a sharp point or stationary pin of a compass. The word entered political and administrative English in the 1800s to describe deliberately breaking up concentrated government power into local or regional hands — the opposite motion of everything 'centralizing' had just gathered in.
- origin
- blockchain stole the word, politics invented the idea
- tradeoff
- no single failure point, but no single accountability either
- irony
- most decentralized networks still have centralized mining pools
- myth
- decentralized rarely means leaderless, just leaders in disguise