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".
Only cryptocurrency by the help of blockchain technology can make decentralisation true. The transparency that blockchain aims to achieve will not be done by these two giant platforms. Remember, facebook and youtube are giant social media tech and they need to centralize everything so that the control is upon them. If they will make it decentralised, rules will never be set and conflicts might arise.