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 college student and started Dell from his dorm room, which was radical decentralization. And then Microsoft figured out how to recentralize around software. Later, we have the internet and open-source software. And guess what? Along come companies like Amazon, Google, Microsoft and Facebook. They figure out how to centralize on top of that foundation.

So even if you're a true believer in blockchain technology as a power for decentralization, you should look for the next vectors of recentralization.

Look for where things are being centralized for where to bet on a technology.