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– TIMESTAMPS –
2:09 What Is Decentralization?
4:33 How Centralized Is The Internet?
10:58 Data Barrons Are Putting Lives At Risk
12:42 How Can Decentralization Help?
17:00 Decentralization & Money
20:14 Supply Chains & Decentralization
22:25 Decentralization & ID
📺 Recommended Videos 📺
► Filecoin Review: https://www.youtube.com/watch?v=I_g6PPWG5P0&t
► Supply Chains & Blockchains: https://www.youtube.com/watch?v=2RFxO52Go0M&t
► Decentralized ID: https://www.youtube.com/watch?v=MLCoLeDiEow&t
⛓️ 🔗 Useful Links 🔗 ⛓️
► What is decentralization: https://aws.amazon.com/blockchain/decentralization-in-blockchain/
► HSBC blocks crypto transfers: https://currency.com/hsbc-blocks-cryptocurrency-transfers
► How does the internet work: https://www.bbc.co.uk/bitesize/topics/z7wtb9q/articles/z3tbgk7
► Internet disruption Feb 2017: https://money.cnn.com/2017/02/28/technology/amazon-web-services-outages/?iid=EL
► Cloudflare DNS goes down: https://money.cnn.com/2017/02/28/technology/amazon-web-services-outages/?iid=EL
► Equifax data breach: https://www.bbc.co.uk/news/business-41192163
► Whatsapp debacle: https://www.theguardian.com/technology/2021/jan/24/is-it-time-to-leave-whatsapp-and-is-signal-the-answer
► Facebook outs night time workers: https://gizmodo.com/how-facebook-outs-sex-workers-1818861596
► What is Web3? https://decrypt.co/resources/what-is-web-3
► Egypt cut off internet: https://www.aljazeera.com/features/2016/1/25/arab-spring-anniversary-when-egypt-cut-the-internet
► Myanmar cuts off internet: https://www.cityam.com/myanmar-cuts-off-internet-amid-anti-coup-protests/
► Twitter’s decentralized future: https://techcrunch.com/2021/01/15/twitters-vision-of-decentralization-could-also-be-the-far-rights-internet-endgame/
► China’s tech giants help CCP spy: https://www.wsj.com/articles/chinas-tech-giants-have-a-second-job-helping-the-government-see-everything-1512056284
► Hong Kong protests: https://www.cashmatters.org/blog/the-role-of-cash-as-hong-kong-protests-chinas-extradition-bill/
► Adult site accepts crypto: https://www.coindesk.com/pornhub-now-accepts-payment-in-the-form-of-xrp-doge-bnb-and-usdc
► Blockchain & supply chains: https://hbr.org/2020/05/building-a-transparent-supply-chain
❓ What Is Decentralization? ❓
In a nutshell, it is the transfer of control and decision making from a centralized entity (an individual, organization, government or company) to a distributed network. One of the most famous examples of that is BTC.
The problem with centralization is that banks like HSBC can just decide to ban crypto transactions – not very fair given that it’s your money. IF that banking network was decentralized, all that would be impossible.
🌐 How Centralized Is The Internet? 🌐
Here’s the truth; every website you see online is actually hosted on a server. The bad news is that this creates a single point of failure and you have to ask yourself who owns those servers. That would be tech giants like Amazon and Alibaba.
In the past, internet outages were entirely due to problems at the likes of Amazon. I go into more of these centralization problems in the vid!
🕴️ Data Barrons Are Putting Lives At Risk 🕴️
The truth is that data barons are collecting and processing a ton of our data. That can be seen in FB’s ‘People You May know’ feature. This has exposed the real identities of people like night time workers and that leads to very real security concerns.
📡 How Can Decentralization Help? 📡
By making it immensely difficult for any single entity to gain control. Decentralized systems allow users to immediately verify and trust them. That means that one person or company cannot play god.
I get into the nitty gritty about this topic in the video!
💰 Decentralization & Money 💰
The likes of Visa and Mastercard actually deny service to certain businesses. Watch to learn about that problem!
🛥️ Decentralization In Supply Chains & ID 🛥️
These are super interesting topics. Recommend you watch to get the full lowdown!
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#decentralization #blockchain #crypto #bitcoin #filecoin