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
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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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.
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.