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?
Or am I missing something? Does decentralization mean something different in this regard?
Thank you!
PS: I'm asking because I again and again read headlines that say something along the line of "everything will be decentralized".
In fact, decentralization is a system not managed by any organization and even in a trading system, it does not need to be intermediated. That's why people call the crypto market a decentralized market. This helps prevent information from being leaked out and makes it easier to swear money.
As for YouTube or Facebook, all videos or posts have someone who can intervene and it is not called decentralized.