How Decentralization Dies

“Decentralization has […] been a vessel for achieving a concession from a centralized body it is protesting. Every decentralization play has followed a simple pattern: protest a market inefficiency, win that protest via a major concession, and then disappear back to fringes of society.” – Brandon Arvanaghi

What can we learn from the history of decentralized protocols and the huge battles of history during the disruption of the internet, versus the corporate and media giants of the day? Does it spell doom for Bitcoin and decentralized systems as the central banks & financial giants concede to give control back to the customer? Or is there something else entirely at play? Don’t miss this great read and then Guy’s Take on how Decentralization Dies!

Don’t forget to drop some applause on the original article and follow Brandon on twitter for more insights like this one!
https://medium.com/@brandonarvanaghi/how-decentralization-dies-the-killer-concessions-86dd1ca86da3
https://twitter.com/arvanaghi

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Minimum Viable Decentralization

Minimum Viable Decentralization

 

Today we cover another great piece on the topic of what can be learned from the history of P2P protocols and their successes & failures. ¬†Written by John Backus¬†@backus, his article “Minimum Viable Decentralization,” lays out a concept that may have been the deciding factor that separated the winners and losers in the file sharing revolution. ¬†Why did BitTorrent succeed even without a discovery mechanism and its lack of privacy, when technology like Freenet, or iMule offered vastly better privacy and security than alternatives? ¬†Listen to find out.

Plus, don’t miss my commentary on how this concept, plus others from recent reads, could be applied to the Bitcoin/Lightning stack as well as other altcoins and blockchain applications. ¬†There is an entirely new ecosystem at stake, not learning from the failures of the file sharing years could be a recipe for disaster. Don’t miss this one.

Follow John Backus on Twitter (https://twitter.com/backus) and don’t forget to drop applause on his amazing collection of works over on Medium (https://medium.com/@jbackus/minimum-viable-decentralization-d813dcf653fc)

Listen to the previous episode by Backus mentioned in the commentary here (https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_141—Fat-Protocols-Arent-New-e2ndq4)

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The BitTorrent Lessons for Crypto Series [Parts 1-4]

The BitTorrent Lessons for Crypto Series [Parts 1-4]

Bitcoin is an incredibly novel technology, there are few technologies that can boast the revolutionary impact that Bitcoin potentially has. However, there is still much to be learned from its predecessors and benefactors.  One of those being the resilient and disruptive ecosystem of the BitTorrent protocol.
Simon Morris, a 10 year veteran of the company, BitTorrent Inc., brings us a 4 part series exploring exactly what we can learn from our Peer-2-Peer history, and the challenges that faced an industry breaking technology.

Find Part 1: Why Bitcoin Mattered, on Simon’s Medium page below, along with the rest of this excellent series. ¬†Don’t forget to drop some claps on this one!¬†
https://medium.com/@simonhmorris/why-bittorrent-mattered-bittorrent-lessons-for-crypto-1-of-4-fa3c6fcef488

You can also check him out on Twitter below:
https://twitter.com/simonhmorris

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Part 2 of¬†Simon Morris’s¬†excellent series on the lessons we can take from BitTorrent to better understand the goals and value of Bitcoin and Crypto. ¬†If it doesn’t break the rules, then why does decentralization even matter? ¬†Don’t miss the excellent article, with a few exciting updates from today about Lightning Network development, and followed by my commentary on all the different ways I think #Bitcoin is “Breaking the Rules.”¬†

Click that applause button like crazy to throw some digital claps at Simon Morris on Medium for this great series! 
https://medium.com/@simonhmorris/if-youre-not-breaking-rules-you-re-doing-it-wrong-bittorrent-lessons-for-crypto-2-of-4-72c68227fe69

To check out the #Lightning developments discussed early in the episode, follow the links below:
https://twitter.com/alexbosworth/status/1108414132997353472
https://twitter.com/lightning/status/1108398809481003008

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In the context of Part 2, knowing that the true value of decentralization is in “breaking the rules,” Simon Morris¬†now explores the consequences of a systems “intent,” the incredible complexity and balance it requires to sustain them, & the paradox of making changes to a system whose power resides in its capacity to resist change. ¬†Listen to Part 3 of Simon’s series on the lessons we can learn from BitTorrent.

Lets see if we can’t add 300 claps to¬†Simon’s¬†series by heading over to the original article and going trigger happy on the applause button at:
https://medium.com/@simonhmorris/intent-complexity-and-the-governance-paradox-bittorrent-lessons-for-crypto-3-of-4-1d14ac390f3f

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So what is the outcome of decentralized disruption? ¬†Who are the winners when there is a shift to an entirely new paradigm? Don’t miss the conclusion of Simon Morris‘s excellent series on the lessons #Bitcoin & Crypto can learn from the history and challenges of the BitTorrent ecosystem. ¬†

Somehow I managed to entirely miss the Post Script at the end of the article which deserves a nod! ¬†So when you head over to follow¬†@Simonhmorris on Medium and applaud this series don’t forget to check out the post script at the end of Part 4! https://medium.com/@simonhmorris/decentralized-disruption-who-dares-wins-bittorrent-lessons-for-crypto-4-of-4-f022e8641c1a

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