Balaji Srinivasan: Web centralization was necessary before blockchains enabled decentralized global state
Balaji Srinivasan · Balaji Srinivasan: Bitcoin, China, the "Woke" Mob, and the Future of the Internet · Joe Lonsdale · Aug 11, 2021 · at 10:45
Balaji Srinivasan (investor and former CTO of Coinbase) explains how early web architecture constraints created centralized platforms like Facebook and PayPal.
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“Model view controller leads to centralization because technologically we couldn't represent global state. We couldn't decentralize the database. Okay. We had to have it a central hub like a Facebook or a Twitter or a PayPal which are great companies. Don't get me wrong, but we couldn't do that until Satoshi invented the blockchain.”
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