I think no one disagrees on "why" of the decentralization. Too big to fail is a problem.
The real question is "how to decentralize?". How will disputes be solved in a decentralized economy? Many of the answers hover around - well, the code and game theory will take care of it.
And that IMO, shows a weak understanding of human nature. Nature is unpredictable, people will find a way to overt a decentralized economy while playing within rules.
A good example is mining. The manipulation of Status ICO by F2Pool:
Comments
I think no one disagrees on "why" of the decentralization. Too big to fail is a problem.
The real question is "how to decentralize?". How will disputes be solved in a decentralized economy? Many of the answers hover around - well, the code and game theory will take care of it.
And that IMO, shows a weak understanding of human nature. Nature is unpredictable, people will find a way to overt a decentralized economy while playing within rules.
A good example is mining. The manipulation of Status ICO by F2Pool:
https://steemit.com/ethereum/@dhumphrey/f2pool-manipulates-u...
They had only 25% ie less than 51% of hashing power but were still able to avert network rules.