Thread by @convequity

1/8 We’re big believers in the utility of #Blockchain – use cases such as real estate, B2B contracts, supply chains etc.

Though, with the philosophy pertaining to society and the human psyche, can decentralization reach the potential many believe?

2/8 In much of their work, philosophers such as #Nietzsche & novelists like #Dostoevsky (who is studied a lot by philosophers), theorized that utopia was unattainable due to our fundamental desires for greed, power, selfishness, gratification, jealousy, etc.

3/8 As a consequence, there will always be the haves and have-nots across various parts of society.

4/8 Does this mean that whatever is developing into a decentralized structure will eventually be exploited (because of greed/power) and the people will accept this for a better service (because of selfishness, maybe)?

5/8 No doubt cryptos are here to stay & will get stronger, so that’s a sign decentralization can reach its potential.

6/8 But it could be argued that we’ve already seen some centralization in #Bitcoin – centralization of miners & core developer community unwilling to increase TPS to keep the price elevated.

7/8 And the Internet was the first venture into decentralization but clearly didn’t hold its promise.

8/8 Perhaps we won’t ever achieve the decentralization potential or perhaps we will, but either way it’s worth thinking of the philosophical implications before betting big on blockchains as an investor.