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RE: Welcome to the Age of Decentralization, Part 1
The people are taking the power back. Centralized money has ruined many through inflation and so cryptocurrency has been born to fight back.
From my study of history, everything moves in a circle. I wonder what will happen when the wheel turns back towards centralization?
I think it's true that political and social trends are cyclical...but I'm not so sure about technological trends. For instance, once the printing press was invented, we never looked back. There may have been efforts here and there to stifle the written word, but overall printed information has only increased in amount and availability since that time, with new innovations helping the trend grow. Similarly, it is hard to imagine (barring some kind of apocalyptic scenario) that the human race will ever return to pre-Internet isolation and insularity, now that the technology exists to connect us across continents and oceans.
I think the decentralization trend is like that. It is underpinned with technologies that are too good to abandon. So in the realms of economy and money, I have my doubts that the trend will ever reverse. However, there is also a political component, which could end up being cyclical. Perhaps we will move more toward smaller and more local governance systems--like city states, and there will probably be a few experiments in stateless zones. But after some generations people might forget the point of all of that, and push for greater political centralization as a response to some threat to their security. That's entirely likely.