Electronic/World Wide Web>Internet Article: Patterson, Dan (2022-02-10), Internet guru Tim O'Reilly on Web3: "Get ready for the crash", Retrieved on 2022-02-11Source Material [www.cbsnews.com]
Folksonomies: blockchain web3 Memes
11 FEB 2022
The Pattern of Decentralization-Centralization
There are two categories of true believers, in my mind. There are those who, for example, are building a new decentralized user-empowering financial system. And to them, history teaches us that there will always be new avenues for power to become centralized. In fact, the entire history of the computer industry was radical openness, which led to a lot of innovation, which later led to closing it down.
For example, IBM released the PC specs. Everybody could build a PC. Michael Dell was a col...Look for where things are being centralized for where to bet on a technology.