| > Can some of you give me the run down on the benefits of centralization? At the moment the benefits are pretty clear. Centralized systems like YouTube, Google, Airbnb, Uber, Spotify, Amazon.com, and many others simply work. They scale fantastically, have low latency, provide good service and satisfy actual customers needs. Yes, they are not perfect, but nothing in the world is perfect. I think it is not a crazy assumption that a centralized system will always have a higher performance than a decentralized one. It also may be a fair assumption that developing a centralized application is easier than a decentralized one. On the other hand, fully decentralized applications do not work at the moment. I don't know a single decentralized work that can work on anything close to Amazon or Airbnb scale. While blockchain implementations can theoretically scale, do we need to stampede to have all our apps decentralized? If Booking.com works in a centralized fashion will a decentralized version be significantly better from a customer's perspective? Will decentralized system address some actual significant pain points? Also, we have somewhat decentralized systems like Ripple and NEO that at least theoretically should give both the benefits of decentralization and high performance. Why are these systems not sufficient for practical purposes? |