Bitcoin Doesn’t Take Sides: Why Apolitical Solutions Are the Internet’s Future

Bitcoin is special. It was the first, and it’s still the most decentralized, credibly neutral, predictable, and reliable network. No other network can match its story, and perhaps no other will match these features.

Also, unlike most of its peers here, BTC makes no attempt to be a productive capital asset. Now, that may sound like a weakness at firs... See more

We agree openly that there are bad actors and scams and frauds, and that a lot of tokens sit in the wallets of a few people. We agree that there is a lot more work to be done to build a truly decentralized internet for those who want it, and vehemently agree that not everybody will.  We’d go even further than our opponents and say that a fully... See more

Decentralization doesn’t have to be doctrinal. Much of the crypto community seems to view decentralization as both a source of legitimacy and a cure-all. While there’s clearly room for decentralized players — Uniswap being one example in the token exchange space — centralized companies can also thrive. OpenSea is the latter.

This choice of expedience over decentralization is bad in some use cases and harmless in others. The issue Moxie raised is known, and Ethereum developers have spoken and written about them publicly and are working on ways to mitigate them. And I have also written about how each wave of decentralization creates a concurrent wave of centralization.