Decentralized Systems Aren't

• January 11th, 2025

Decentralized Systems Aren't. Centralized systems will always layer on top of decentralized systems unless you figure out how to fix the underlying economic problem of increasing returns to scale.

To actually get a permissionless decentralized system you need:

• a business model that has decreasing returns to scale
• a way to prevent Sybil attacks without massive cost
• a way to prevent collusion between independent nodes