The_Mann_In_Black t1_j41s4cz wrote on January 12, 2023 at 4:14 PM

Reply to comment by James-Logan2--_ in Did decentralization hit a plateau? by quaintSloe

It’s interesting that the term decentralized is being primarily applied (in this discussion) to finance and the internet/communication.

I think the strongest decentralization is coming in food production and energy. Solar panels and wind allow if decentralized production. Greenhouses increase the availability and quality of food for millions of people. 3D printing, while still limited in application, allows for spare parts to be made closer to where they are used.

Centralization creates the potential for massive failure in these industries, with truly catastrophic results. Whereas in finance, the value of centralization is pretty massive and when it does fail it doesn’t directly result in death.

quaintSloe OP t1_j41syns wrote on January 12, 2023 at 4:19 PM

I know what you mean, but that is a different decentralization that we also very much DO need. I'm more approaching the aspect of the internet, no DeFi, that's something that purely applies to cryptographic currency. I'm more leaning towards its utility that was promised

The_Mann_In_Black t1_j41tkhh wrote on January 12, 2023 at 4:23 PM

The US has strong institutions and gains a lot of value from centralization, which is why adoption hasn’t really gone anywhere.

You’re more likely to see adoption in countries with weaker, less trustworthy, or lack of institutions like Brazil. Your average American has no strong incentive to adopt crypto currency or blockchain technology in their daily life.

I would suggest looking into adoption of coins and crypto in Brazilian agriculture.