Cryptocurrency Explained – What is Decentralization?

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Cryptocurrency explained – Decentralization is not a black and white issue, in fact we see varying degrees of decentralization. In this video I explore what decentralization is and how we can understand its importance.

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Cryptocurrency Explained – What is Decentralization?

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24 comments

  1. Centralization is when you can’t access your funds because your bank website is under maintenance. Decentralization is when you can’t access your funds because Nibiru just collided with Earth.

  2. Decentralization is such a powerful thing, don’t know why all my friends keep telling me it’s just a bunch of nonsense. Feel like they are just sheep sometimes.

  3. Agree! Companies will pick the blockchain they use based on their needs. If they don’t need rock solid decentralization, and need speed, they will go with something like EOS, if they need strong decentralization they will go Ethereum..etc

  4. It’s a journey to decentralization, traveled through the history of centralized everything. Lark rocks!

  5. HEY, could I suggest video on orca? they say they will bring your crypto and bank into one place, what are your thoughts? Been watching you for a while, love your stuff, keep up man!

  6. That is brilliant Lark. We need to direct more of our attention towards the average joe that is not familiar with cryptos, blockchain, decentralisation etc and video such as this helps a lot for mass adoption.
    Please continue making videos that cover the basics of everything.

  7. Thanks, Lark. Illuminating as always. I hope someday that someone solves the riddle for disincentivizing centralization of mining power. Until then though, as in all areas of human life, centralization tends to occur because it can be much more efficient than other methods and we will always tend toward efficiency, unless the trade off for that loss of efficiency is greater than what you lose by distributing control. Right now that’s a subjective choice.

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