Helius CEO Mert: Decentralization does not mean disorganization; zero coordination costs equate to centralization
Helius CEO mert posted on platform X, stating that decentralization is essentially "coordination without a central authority." If the cost of coordination is close to zero, then it is effectively centralized; if the cost of coordination is infinitely high, then it technically cannot be called decentralized, as the system would not function properly.
mert illustrated this point through a thought experiment: suppose there currently exists a highly decentralized blockchain with hundreds of thousands of nodes running from home, distributed mining power, and token supply. He then proposed another extreme hypothesis—if North Korea could transfer funds from wallet A to wallet B within time T, then this would be equivalent to that chain being able to simultaneously detonate nuclear weapons in most countries around the world.
Finally, assuming that the blockchain could successfully freeze the funds in wallet A through a fork without causing mass casualties, would this blockchain still be considered decentralized? mert believes that although humanity can achieve coordination due to the shared incentive of "not dying," this does not mean that the chain is "unorganized." Decentralization is still fundamentally "coordination without a central authority."
You may also like
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
