Talking about decentralization: before taking two steps, we must flee back
Author: NEST Enthusiast_DW1987
Recently, some people began to criticize decentralization because of the 312 DeFi incident, which is a bit like scolding pork garbage after eating a hairy pig. These people don't think about the root of the matter, is the butcher not shaved well, or the pork itself is not worth trying.
Right now, too many people shrink back and become skeptical when encountering the slightest difficulty in decentralization.Before taking two steps, it is said that the road ahead is dangerous, that it is necessary to retreat, or to engage in eclecticism.I regard my stupidity and cowardice as a kind of philosophical moderation (even I think I am wise). Anyway, everything has two sides. What is wrong with me saying that there is no absolute decentralization?
There is nothing wrong, just like people are always going to die, does that mean they don't have to live?
Since Satoshi Nakamoto developed Bitcoin, we have achieved value transfer for the first time without relying on a third party. This is a shocking and subversive idea. Where are the boundaries and limits of this idea? It is worth exploring for all human beings. to dig.
Regardless of the subsequent public chain smart contract or the recent DeFi, it is a continuation of this theme. Many outstanding minds are working hard to create and contribute to the decentralized world like building a new continent. In this process, whether it is a short-term deviation in understanding or a temporary backwardness in infrastructure, it may cause partial failure.This kind of failure is the same as all scientific and artistic explorations of human beings. Although there is a cost, it is worth investing in.
There is no smooth progress in the world, and there is no overnight success. Questioning and introspection are important, but retreating to reconcile is harmful rather than beneficial. Even for some purposes, completely negating the direction of progress is a kind of selfishness with ulterior motives.
OracleOracleproblems, such as AMM problems, such as derivatives (DAI is essentially a derivative) pricing processlack of volatility! (This is the root cause of this incident.) A group of speculators who lack professional knowledge and lack of rigorous analysis ability are slanderously summing up, bringing the whole industry into a situation where they don’t care about the essence and only care about the profit and loss. Bubble Cow, which project pulls more, which project is awesome; don’t beep with me about decentralization, those are not as important as you think!”
Decentralization is important! We still insist on this point of view. Before we "squeeze out" the potential of decentralization, it is still the fundamental starting point for us to judge a project, an idea, or a new technology! ! !
The most frightening thing at present is the lack of economic analysis of decentralization, which requires a relatively complete conceptual system, eliminating the false and preserving the true, grasping the core of things, and forming a framework of logical deduction, rather than staying at the phenomenological level of tamper-proof and anonymous, Or an overly generalized authoritarian-democratic paradigm and so on.
The economic meaning of decentralization is not without counterparts in existing economic theories. Many of the principal-agent theories are related to analysis and decentralization;The mechanism of mining is a cliché of mechanism design and incentive theory; the boundary analysis of smart contracts has a high degree of overlap with contract theory; the decentralized risk structure is similar to the efficient market. Who says decentralization Black and white? ? ? Just like who said that the market must be either effective or ineffective, there is no other intermediate state that can be dismantled and defined, and there is no set of quantifiable indicators?
From ancient tribes to modern societies with highly developed commerce, the way we form value is either natural and exogenous, such as gold; or it is organized in an orderly manner, such as various products, various equity assets, and so on. It does not depend on the organization and is not a natural exogenous source of value. This is the first time we have encountered it. What kind of "nuclear fusion" will it bring in our era?
I am always optimistic, and I believe that more creative geniuses will join this field; I also firmly believe that in a decentralized world, fragility, dullness and arrogance are not suitable.
