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– TIMESTAMPS –
2:09 What Is Decentralization?
4:33 How Centralized Is The Internet?
10:58 Data Barrons Are Putting Lives At Risk
12:42 How Can Decentralization Help?
17:00 Decentralization & Money
20:14 Supply Chains & Decentralization
22:25 Decentralization & ID
📺 Recommended Videos 📺
► Filecoin Review: https://www.youtube.com/watch?v=I_g6PPWG5P0&t
► Supply Chains & Blockchains: https://www.youtube.com/watch?v=2RFxO52Go0M&t
► Decentralized ID: https://www.youtube.com/watch?v=MLCoLeDiEow&t
⛓️ 🔗 Useful Links 🔗 ⛓️
► What is decentralization: https://aws.amazon.com/blockchain/decentralization-in-blockchain/
► HSBC blocks crypto transfers: https://forex.com/hsbc-blocks-cryptocurrency-transfers
► How does the web work: https://www.bbc.co.uk/bitesize/subjects/z7wtb9q/articles/z3tbgk7
► Internet disruption Feb 2017: https://cash.cnn.com/2017/02/28/know-how/amazon-web-services-outages/?iid=EL
► Cloudflare DNS goes down: https://cash.cnn.com/2017/02/28/know-how/amazon-web-services-outages/?iid=EL
► Equifax knowledge breach: https://www.bbc.co.uk/information/business-41192163
► Whatsapp debacle: https://www.theguardian.com/know-how/2021/jan/24/is-it-time-to-leave-whatsapp-and-is-signal-the-answer
► Facebook outs night time time staff: https://gizmodo.com/how-facebook-outs-sex-workers-1818861596
► What is Web3? https://decrypt.co/sources/what-is-web-3
► Egypt minimize off web: https://www.aljazeera.com/options/2016/1/25/arab-spring-anniversary-when-egypt-cut-the-internet
► Myanmar cuts off web: https://www.cityam.com/myanmar-cuts-off-internet-amid-anti-coup-protests/
► Twitter’s decentralized future: https://techcrunch.com/2021/01/15/twitters-vision-of-decentralization-could-also-be-the-far-rights-internet-endgame/
► China’s tech giants assist CCP spy: https://www.wsj.com/articles/chinas-tech-giants-have-a-second-job-helping-the-government-see-everything-1512056284
► Hong Kong protests: https://www.cashmatters.org/weblog/the-role-of-cash-as-hong-kong-protests-chinas-extradition-bill/
► Adult web site accepts crypto: https://www.coindesk.com/pornhub-now-accepts-payment-in-the-form-of-xrp-doge-bnb-and-usdc
► Blockchain & provide chains: https://hbr.org/2020/05/building-a-transparent-supply-chain
❓ What Is Decentralization? ❓
In a nutshell, it’s the switch of management and resolution making from a centralized entity (a person, group, authorities or firm) to a distributed community. One of probably the most well-known examples of that’s BTC.
The drawback with centralization is that banks like HSBC can simply resolve to ban crypto transactions – not particularly reasonable provided that it’s your cash. IF that banking community was decentralized, all that may be not possible.
🌐 How Centralized Is The Internet? 🌐
Here’s the reality; each web site you see on-line is definitely hosted on a server. The dangerous information is that this creates a single level of failure and you need to ask your self who owns these servers. That could be tech giants like Amazon and Alibaba.
In the previous, web outages had been totally because of issues on the likes of Amazon. I’m going into extra of those centralization issues within the vid!
🕴️ Data Barrons Are Putting Lives At Risk 🕴️
The reality is that knowledge barons are gathering and processing a ton of our knowledge. That will be seen in FB’s ‘People You May know’ function. This has uncovered the true identities of individuals like night time time staff and that results in very actual safety issues.
📡 How Can Decentralization Help? 📡
By making it immensely tough for any single entity to achieve management. Decentralized methods enable customers to instantly confirm and belief them. That signifies that one individual or firm can’t play god.
I get into the nitty gritty about this subject within the video!
💰 Decentralization & Money 💰
The likes of Visa and Mastercard really deny service to sure companies. Watch to find out about that drawback!
🛥️ Decentralization In Supply Chains & ID 🛥️
These are tremendous attention-grabbing subjects. Recommend you watch to get the complete lowdown!
📜 Disclaimer 📜
The info contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Trading cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific end result.
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