Here's part three, and I don't need your permission to say so... but I wanna keep things fair, so I'll just imagine that you agree to read it.

What is good centralization, and what does actual crypto decentralization look like?

Good centralization, for example, is a group of coders creating a token built around smart contracts that uses a series of processes for transacting on a ton of different computers. Those computers run the code that a central group of programmers created. Yes, it is spread across tens, hundreds, thousands of different computers, but they are all obeying the code that is installed. If they don't all sync up to the Borg hive mind, nothing in the network works. If the coders didn't have an idea, code it, test it, and launch it into a network of computers, then there simply wouldn't be a coin project. So, there is absolute centralized control. What we need, then, is a system of checks and balanced. Don't you hate it when the same philosophy that sorta works in government is needed in something so many people hope is anti-government or at least government agnostic? Yeah, I get that.

But, we get to base our beliefs and trust on evidence, and that reduces the concerns of bad centralization. There are independent audits. People look at code to see if it does what they say it does. That tends to work nicely. People get involved in the project, and if their experience is that it works in keeping with their ideals, then that works well too.

More than any other component, we are blessed, at least for now, with options, and nothing is more positive an impact on technology than good old fashioned competition. The way to defeat bad centralization is good choices. Think of it, crypto is exactly that. What if we had one coin, Bitcoin, and it was literally made by one dude, Satoshi, and you had one computer running a masternode. As it got bogged down, fees went up, and security went down to get everyone's transactions flowing. Would that still be better than central banking? Maybe, or perhaps it would just be a digital version of something already crappy.

So, in my opinion, as it pertains to crypto, good centralization is the foundation of a good idea that must have agreement at its core development level. The designers have good ideas, good intentions, and they lay it out there fore everyone to see, judge, and either find comfort in or to say "sorry, pass". Once that mechanism is made, we can move to the next step.

Good decentralization comes from the creation that was formed out of good central design. We are required to leave a certain level of trust built into the design, and that means the creators still have to be trusted. Sorry, you aren't getting away from that one so easily. In the meantime, if the design is solid, and the founders don't screw things up, we can actually make use of an imperfect, but relatively idealistic decentralized mechanism. That looks like a bunch of computers that use a singular code to sync, confirm one another's duties, transact, and maintain a ledger. If they all agree, then we have a perfectly distributed consensus, which hilariously is collectivism inside a principled decentralized digital society. Yeah, I named it that, but think it through. There ya go.

Listen it's all good. We want better money. We are never going to get perfect money. Won't happen, because we are flawed, and if you think learning algo's and teaching computers to become sentient is the answer to that one, we're all at a loss. That gets into new territory of a whole new kind, and how can a person help but to think the whole game is rigged if computers live in a land where they discover the art of centralized authority, start e-printing their own digital money, and charge us an annual percentage rate for the ability to use it. Think it couldn't happen? Eh, I'm tired let's stop there. I am going to keep going with the topic, though. I'm having fun which means there's at least a 1% chance someone else will also.

I hope you find this a benefit. If so, TIP! :-)

Gordon Freeman Out.

For the funny stuff, go here:

https://www.publish0x.com/crypto-satire-fake-news-ripped-from-the-headlines