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RE: Blockchain: $27+ Trillion Dollars

in #busy6 years ago (edited)

I think one of the most important things Steem is doing is lowering the cost of nodes. As computers grow in capacity and Steem decreases in difficulty of decentralizing, it becomes possible to glimpse a truly fully decentralized DLT in which every account can run it's own node.

It's difficult to grasp how that will impact trust, redundancy, censorship resistance, and independence from external imposition of control. It's coming, sooner or later, IMHO. No revolution is effected without resistance, and the extant paradigm will resist being replaced. The stronger the blockchain is, the better it will prevail over resistance and the less resources will be wasted in the process.

Thanks!

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I agree. The lowering of the price of nodes is enormous; more than most realize. It would be nice to have thousands of nodes around the world running the blockchain.

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