[paraschopra]

Decentralisation is oversold. I have a couple of arguments against it: a) the more users who compete in decentralisation, the more commodity like returns they will get for their time and resources; b) there is a real cost of making decisions, so decision fatigue is a real thing and you can’t expect all users to be completely engaged in decision making that’s expected for decentralisation projects; c) the history of how platforms like YouTube evolved shows us that there is tendency to move from individual users having meaningful contributions to groups dedicated to those platforms outcompeting users in their contributions.

I blogged about it last month https://invertedpassion.com/decentralization-continuum/