Quotes About Decentralization

In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners, and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world.

I don't think we need a Washington-imposed solution.

Traditional solutions as they stand are designed to aid the centralized party. That's how it always has been. It will continue to be for the near future. As we evolve and we continue to gain more power and understanding, centralized bodies die down because there's more power to the individual.

I am hostile to the idea that collective solutions have to be made by committees and then imposed top-down. I very much prefer bottom-up solutions.

Solutions and ideas should come from the bottom up, generated by local communities and not mandated from Washington.

Majority rule is not "destroyed" by smaller political units. Quite the contrary; it is rendered more efficient in serving the taxpaying public. Majority rule voting will exist in smaller political units even more efficiently than in larger, more centralized ones. That's why Switzerland, with its highly decentralized system of government and with power vested in more than sixty cantons, is arguably the world's most peaceful and prosperous democracy.

In ordinary times, the center always wins. Its power grows with time, and that can't be reversed, not by ordinary means. Decentralizing, back toward anarchism, needs extraordinary times... This War--this incredible War--just for the moment has wiped out the proliferation of little states that's prevailed in Germany for a thousand years. Wiped it clean. Opened it.

Crypto-collateralized stablecoins have the advantages of decentralization and secured collateral. The drawback is that their scalability is limited. To mint more of the stablecoin, a user must necessarily back the issuance by an overcollateralized debt position.

DeFi offers considerable potential for solving the following five key problems associated with centralized finance: centralized control, limited access, inefficiency, lack of inoperability, and opacity.

The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions-all attempting to quell human diversity and impose order. Thus power always seeks centralization.

Competition means decentralized planning by many separate persons.

A small-state world would not only solve the problems of social brutality and war; it would solve the problems of oppression and tyranny. It would solve all problems arising from power.

For the first time, open source, peer-to-peer protocol developers can monetize their project on a protocol level.

Decentralization is based on the simple notion that it is easier to macrobull***t than microbull***t. Decentralization reduces large structural asymmetries.

bottom-up political systems, and

Stalin could not have existed in a municipality.

Leave people alone under a good structure and they will take care of things.

Decentralization reduces large structural asymmetries.

the further from headquarters an employee is located, the more autonomous his unit, the more you want him to be a slave so he does nothing strange on his own.

Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0.

With Bitcoin, no one has a monopoly of information.

An organization's intelligence is distributed to the point of being ubiquitous.

The glue that holds together institutions and processes as they undergo massive decentering is cheap, ubiquitous communication.

once we wrapped the globe in endless circles of wires crossing the deserts and beneath the oceans, decentralization was not only possible, but inevitable.