Are Blockchain Art and Finance Really Decentralized?
Inspired by a recent post by Moxie Marlinspike on the subject of Web3, I wish to elaborate on the promise of decentralization of blockchain applications. I will focus on two major use cases of blockchain technology, namely art and finance, which beg the questions: What does decentralization mean? Are blockchain art and finance truly decentralized? And if not, what are the forces that drive us towards centralization? Is centralization inevitable?