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".
I think I and you have the opposite of the theory of decentralization. In my opinion decentralization is one of the platforms organized to transact directly and there are no rules there. For example, exchange platforms in the US such as Nasdaq are decentralized and they do not have a rule about the liquidity or the price of stocks traded by businesses in a day. In general, all is free.
And for YouTube and Facebook, there are rules and are controlled by the people who created it. It has its rules and if you don't comply then you lose your account.