- slowly decentralized alternative solution to old problem appears
- repeat
I would add that it seems that the big winners are the ones coming up with centralized solutions. The inventors of decentralized solutions don't have nearly as great rewards.
Comments
Very insightful article, thank you.
So the cycle is:
- problem exists
- quickly centralized solution to problem appears
- new problems appears
- slowly decentralized alternative solution to old problem appears
- repeat
I would add that it seems that the big winners are the ones coming up with centralized solutions. The inventors of decentralized solutions don't have nearly as great rewards.