Summary
TLDR: The narrative of transitioning from centralized to decentralized control in blockchain overlooks the struggle to relinquish power once seized. The concentration of power in early stakeholders and VCs hinders inclusivity and innovation. Starting afresh with decentralization as a core principle is essential for the long-term viability and success of blockchain technology. Decentralization must be prioritized from the beginning to create a fairer and more collaborative ecosystem.
Key Points
1. The narrative in blockchain technology often overlooks the struggle to relinquish power once it is seized.
2. Centralization at the beginning of blockchain ventures can hinder the transition to true decentralization in the future.
3. The imbalance of power in blockchain ecosystems, with a concentration of assets in the hands of a few, undermines the inclusivity and innovation potential of the technology.