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".
Facebook and Youtube have never been decentralized they are a corporation and had a board of directors and they are a profit-driven company, they will always never show you how much they are really making, and they will not go decentralized they have an interest and a profit to protect.
Remember Facebook was fine for data breach I don't think they will ever shift to being decentralized, they don't want to exposed.