It really shouldn't be, but for that, everyone needs to understand, the federated (eg. "decentralised") is infrastructure, not a product. Infrastructure is rarely capable of making vast sums of money, it's more about serving needs for longer periods - think of post, or ISPs. Yes, it's profitable, but it's not unicorn, and exit strategies are also incompatible with decentralisation.
It can, could, and, should be the future, but it needs a change in mindsets before we can get there.
It's even less than "uber for X". It's an "uber for X" kind thing with no commercial options and nobody but us geeks caring for what it sells ("decentralization").
I think it's a pushback against the hyper-centralisation of the web over the past few years. This is people wanting to provide open, trustworthy alternatives to the walled garden approach. I personally am pretty excited about the opportunities of decentralisation and the distributed web.
Good. For example, the value of email, is not email itself - it's the communication it can provide. Maybe some things never meant to directly make money, but to add value in other ways. Imagine of Facebook was actually to connect people and to make communication and sharing simpler.
I watched e-Dreams a week after Amazon announced Prime Now (1-2 hour delivery). Made me feel bad for Park...
(where the rating applies to everything from products, services and websites to comments)
I’m not trying to bring about a formal argument here and I may be way off, But IMO these type of quotes are borderline reflective of Marxism or wording that belong in Mein Kampf.
Back in the day the hype was "open" and openness. That's the wave that companies like Twitter and Facebook rode to grow.
At the time there was no time to talk about any of the hip hot topics you hear about today like "russian trolls", "political ads", "regulation", "twitter's harassment problem" and so on.
The cult belief was open and free and connected and inclusive will magically create a beautiful utopia.
Openness was thrown around as the obvious solution to anything.
This "decentralised hype" looks very much the same.
It's thrown around mindlessly as the obvious and magical solution to problems.
When in reality it leaves many things unsolved and almost always turns into "theoretically decentralised but there are like 10 people who actually control it".
A part of it is people looking for an excuse and a cover to gain power.
A part of it is nerds wanting to solve everything with the single hammer of tech that they have.
Bitcoin is a good recent example of how quickly the utopic ideals and promises give their place to a good old blood bath.
In the same way that "open everything" hype created problems that now people are complaining about.
I think a decade of "decentralise everything" hype will eventually backfire in the same way.
And once people see and feel the consequences they will get annoyed and will be asking for the opposite of it.
"We said openness and freedom of speech ... but not these horrible people ... take these people away"
"I said freedom of speech .. everyone can publish stuff yay ... but NO FAKE NEWS! fact check it all and make sure it's all true"
"I said decentralised but I don't want these inconvenient consequences of a decentralised system"
Same thing that happened with the open/free/freedom/connected wave.
Also see this Dilbert: https://i.imgur.com/FlC0K2l.jpg
I don’t think that’s a sustainable model at the individual level.
This leads to:
* A curated list of ..
* ... made with love
* Deep learning ..
* .. on the blockchain
* .. uber for X
Sometimes these things do lead go genuinely interesting projects & products, but often-times the hype is so hard to swallow that people move on to the next big thing.
...aaS
resonates IMO.
The reason why they call themselves "decentralized for X" or "uber for X" is because that's what makes most money. It was "uber for X" a couple of years ago. But in 2018 it's "decentralized for X", because of the ICO hype where all the coins rails hundreds of millions of dollars.
But on a positive note, exactly because it has so much potential I think we can't dismiss it as just a fad. After all, Uber and the similar approaches DID change the world.
It's kinda funny because if you said "decentralized for X" a couple of years ago, people would just say "yeah good luck with that, nerd", and the only place you would hear about these things would be HN.
The only change since then is Bitcoin. But even on its own Bitcoin is such a disruptive piece of technology that so many people are just betting on it. And I do think some will succeed. But from what I see, most people working on these have no idea why Bitcoin works therefore will fail.
I see two groups:
1. Super tech nerds who think they understand how Bitcoin succeeded so far, but actually totally miss the rest of what made Bitcoin successful. But at least these people have ability to build something meaningful. Most of the famous projects that sound like they're doing really well belong to this category. I won't name names, but I'm not even talking about obscure projects. The leaders from most of the top tier highest profile projects don't seem to understand how to make their project a success, they're either too focused on tech (thinking somehow if they keep working on it, it will succeed in a "decade") or too focused on shady stuff. They will all fail either because someone better will come along and fork their protocols and do it leaner and better, with all the lessons learned, or because they all get burned out before the "decade". A decade is a really long period.
2. Shallow people: most entrepreneurs I see have no knowledge about how these blockchains work and just assume that they will work and raise millions of dollars. Actually a lot of my friends are like this, but I can't just outright tell them to quit because they're friends. But I'll use this opportunity to say, if you don't understand what you're building on, from economic aspect, technological aspect, and social aspect, you'll probably fail 99.9%.
I think the success won't come directly from these first generation protocols with this naive mindset. I think the only way to actually succeed in this wild wild west is to educate yourself on a deeper level. Then you'll quickly see that a lot of these high profile projects are bunch of bullshit. And maybe along the way, you can come up with your own solution that can truly become the "Uber of decentralization"
