In this episode of The Unstoppable Podcast, our CEO Matthew Gould is here to talk all about centralization vs decentralization — a central topic in the world of Web3.
We talk about what decentralization really means, and the importance of finding a balance between full centralization and full decentralization. Is it really necessary or even possible to decentralize everything in crypto?
Matt explains why the differences between centralization and decentralization really matter and some of the security risks of centralization. We discuss roll-up solutions as well as other scalability solutions.
We also talk about decentralization in DAOs, and Matt explains the idea of centralization spectrums within companies. We discuss the risks of centralized platforms, like censorship and control.
Finally, we break down some of the bigger companies in crypto, where they fall on the centralization spectrum, what this means for each one, how it’s impacting users, and the role of regulation.
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1:17 Centralization vs. Decentralization
2:57 3 types of decentralization
4:50 Security around centralization vs. decentralization
10:50 Is the decision on decentralization vs. decentralization fixed?
13:25 Are there going to be multiple rollups that provide proof of what’s recorded on-chain?
15:00 Why don’t we want to be fully decentralized?
16:26 Does the implementation of delegation in DAOs make them more centralized?
17:41 Centralization spectrum applied to business
19:48 Incentives around centralized systems
25:03 Trivia Question: How many times does the word “decentralization” show up in the Satoshi Whitepaper?
26:50 What is decentralization good for?
30:27 Coinbase vs. Uniswap
35:53 Different levels of control inside organizations
37:51 Music NFT Companies
41:06 How are Web3 companies helping users? And how are they hurting them?
43:57 How is Unstoppable Domains incorporating decentralization and centralization to benefit the user and the product?
46:54 Benefits of Web3 Companies
49:59 Final thoughts on decentralization
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