Quote from: Hydrogen on November 21, 2019, 09:12:35 AM

Quote from: CRYPTORALF on November 20, 2019, 09:05:49 PM

I started to learn about crypto two months ago. Bitcoin, Monero, Ethereum etc. make total sense to me.

I can't, however, understand why it would make sense to decentralize large online platforms like Youtube and Facebook. Or let's say: I don't understand how this could work.

Bitcoin has a decentralized ledger where all transactions are stored. How would that ledger look for a decentralized Youtube or Facebook?

Decentralization could be applied to corporations like facebook, in terms of its leadership, decision making and authority structures becoming more democratic. A CEO based structure where Mark Zuckenberg ruled with absolute power could represent centralization. Decentralization could entail breaking up the power and authority of a single person and distributing it amongst multiple people. This would come with advantages and disadvantages of course.

The centralized arrangement could resemble a dictator state like north korea where Kim Jong rules within a centralized format. With decentralization being more like the united states where power is split between congress, a senate and a President.

I like the logic you presented here. Kim Jong Un and the US. Grin

Actually, that is a very good example on how an ordinary individual can look at this scenario. So yes, these big platforms can play a decentralized system in some ways but there is some centralized part within its ecosystem. I think we can't avoid that.