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RE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful Way

in #steemit8 years ago

There are tradeoffs with scalability. Systems scale more easily when they're more centralized. We'll see if those tradeoffs are worth it for Steem as more people take a closer look at this project. I imagine not much decentralization is needed for this project to work, so more centralization is probably fine.

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Do systems scale more easily when they are centralized? Is that consistent with economic history? Which scaled better, communism or market economies? What is a system in this case? The tech? The economy?

More broadly, what do you see as the point of decentralization, why does it matter?