Centralized Infrastructure Does Not Negate The Power Of Cryptocurrency
This is a follow up to yesterdays' video.
Resiliency for cryptocurrency is going to come by increasing the number of people involved. However, is this negated by the idea that we are building something on top of infrastructure that is not owned by the "people"?
In this video I discuss how the present Internet infrastructure is and how this applies to cryptocurrency and blockchains. We have ot look at the fact this is not owned by governments but rather, corporations. While they are no friend to decentralization, they do pose another layer in the defense against government. We also look at the idea of pushing decentralization further down into the basic architecture of the Internet.
▶️ 3Speak
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You are a machine, lol. But this is a good subject. We need way more decentralized infrastructure. You should look into the Akash network. They are working on this problem and doing pretty well at it as far as decentralized servers.
I know as soon as I can get my budget back under control and eat the costs, I am going to spin up a Hive witness node and when I get to my farm sometime late next year, I will be setting up my own machines.
What you described with Amazon token is my exact idea behind the LIST token, haha.
You are right to the point where individuals have the authority to run the nodes and server, a P2P mechanism, in that case it is quite difficult to block something which has so many nodes and downing one of them will any way affect the blockchain processes. It is like people using torrent services for file sharing.
But, what about regulations because internet companies must follow or leave the business?
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There is, if you are right about the internet, they could dominate Cryptocurrencies by depending on them directly, but they are factors involved that I do not think will come to an agreement, which will continue to allow us freedom.
Summary:
In this video, Taskmaster4450 discusses the importance of decentralizing infrastructure in the digital world and the role it plays in creating resiliency for cryptocurrencies. He breaks down the levels of infrastructure vulnerability, from websites to nodes, and explains how various projects like Hive and Unstoppable Domains are working towards decentralization. Taskmaster4450 highlights the evolving landscape of infrastructure ownership, mentioning major players like Amazon Web Services, Google, and Microsoft, and speculates on the potential for companies like Walmart to further enter this space. Lastly, he touches on the potential for large companies to launch their tokens and the challenges governments face in controlling digital infrastructure due to its global and decentralized nature.
Detailed Article:
Taskmaster4450 delves into the critical aspect of decentralizing infrastructure within the digital world to ensure resiliency for cryptocurrencies. He references a conversation sparked by his previous video on the best defense for cryptocurrency, emphasizing the necessity of distributing and decentralizing the infrastructure currently controlled by a few entities.
The discussion commences with an agreement on the monopolistic control of the internet and digital infrastructure by a limited number of entities. Taskmaster4450 stresses the ongoing need for projects working towards decentralization to counter this centralized control. He points out that the process of decentralization will take time, potentially spanning the next 10 years, and is currently in its nascent stages.
Taskmaster4450 introduces a hierarchy of vulnerability in digital infrastructure, starting with websites as the easiest target for potential attacks. However, he notes that strategies like utilizing front ends to access data across multiple websites, as seen in projects such as Hive, can mitigate these vulnerabilities. The conversation then transitions to domain names and node systems, dissecting the vulnerabilities and levels of control within these components.
Further, Taskmaster4450 highlights the involvement of leading companies like Amazon Web Services, Google, and Microsoft in controlling digital infrastructure in the West. He underscores the potential for other major corporations like Walmart to enter this domain, given their resources and e-commerce platforms.
Discussing the challenges governments face in controlling digital infrastructure, Taskmaster4450 emphasizes that neither the people nor governments fundamentally own this infrastructure. He contends that lower levels of infrastructure, such as API nodes, pose significant challenges for government control.
Taskmaster4450 then speculates on potential scenarios where major corporations might introduce their tokens, citing Amazon as an example, and the implications this could have on reshaping the digital landscape. He asserts that the existing governmental systems were not designed for the digital world and discusses the limitations governments face in controlling digital infrastructure, such as servers physically located outside their jurisdictions.
In conclusion, Taskmaster4450 stresses the importance of addressing infrastructure decentralization in the digital realm to foster resiliency for cryptocurrencies. He mentions projects like Unstoppable Domains as steps towards achieving this goal and envisions the continued evolution of the digital infrastructure landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.