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by seanwilson 3122 days ago
> It was not predicted in the original Bitcoin whitepaper.

> Every decentralized protocol suffers from unintended centralization caused by economics.

> That's why protocols consolidate towards big players in a power law distribution.

Hmm, given the amount of foresight in the original whitepaper I'm surprised the current situation wasn't predicted especially if it's common with other protocols that are intended to be decentralized.

1 comments

It could have been foreseen and omitted. We still don't know who Satoshi is or what their motivations are.