Bitcoin Q&A: The trend of decentralisation is cyclical 'halvenings' of power

3 years ago
9

Keywords/phrases: Bitcoin seems like another leap in decentralising architectures of control, after PayPal etc. But why do people still tend to reproduce the same systems? Humans are prone to tribalism and other cognitive biases that are self-destructive as a species. In each period of disruption in history we've had a "halvening" of power that keeps accelerating. We're halving the cycle time in which we can apply a new tool of disruption, power is diffusing more and more. The vast majority of people living today have more freedom, more access to resources, more access to information, and higher standard of living, than ever before. I'm not really looking at the current incarnation of Bitcoin, I'm looking at the trend of decentralisation; when/ if Bitcoin stops fulfilling those needs we'll try something else.

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