“Public blockchains will probably fail due to a lack of decentralization in decision making in governance as well as other technical reasons such as an inability to scale to mass adoption.
A blockchain isn’t decentralized if it still has a few people at the top. That is, the technical and the human elements both require decentralization. In an era of decentralized autonomous organizations (DAOs), the missing link is often how managers and developers are organized. Let’s take Ethereum as an example here.
While Vitalik Buterin and Joseph Lubin talk a good game, the truth is, of course, the developers who make key decisions are very limited. This is highly problematic for a company that’s basically the post-child for what decentralization might be. Here’s where the story starts to get serious.”
by Michael K. Spencer. Read the full article here.
Decentralisation is a key aspect in Tender Economy. The project draws upon the experiences of Ethereum and others and strives to create true peer to peer, decentralised protocol and applications.
