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‘RIP Decentralization’ – Medium | $10,147.76

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…we won’t be reading much about “decentralization” here anymore.

That watchword for a generation of young men interested in building the future as developers, programmers and blockchain and crypto enthusiasts, is well, kind of dead.

…In a world of uncertainty and algorithmic abuse, it seems cryptocurrencies and their various tokens were too uncertain and uncanny to be tolerated by governments, technology companies and the mainstream media. In mid-2019, Bitcoin is again rarely mentioned.

Decentralization is a Myth

Decentralization has been reduced to a myth. Crypto has been defeated and Bitcoin hype reduced to speculative fancy and a vague notion of digital asset territory. This, even as some of the richest men in the world prepare to profit from the Lightning Network and Bitcoin’s eventual future.

Eulogy made by Michael K. Spencer


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