A lot of us have heard about decentralization, blockchain and bitcoin, ethereum and many other cryptocurrencies (cryptos). Putting some of these ideas into context, many of us have a hard time explaining the different kind of decentralizations, such as Deconcentration, Delegation, Devolution, etc., and the reason why decentralization is a good idea and why decentralization makes sense in some areas and why it does not in other ones.
First of all, decentralization in general is not a new idea. We had human civilization for ten thousand years and over these years we had many examples of centralized things such as centralized governments, centralized companies, centralized cities. There is some evidence that even before we had computers and other information technologies (IT), we also had a various instances of decentralized economies, decentralized ways of interacting.
For example, democracy is a decentralized way of governing when power of authority does not belong to a king but to everyone. Another example is the invention of the printing press - it is hard to understand the impact of the printing press nowadays. We are so used to having a world's worth of information at our fingertips - it is hard to understand the little amount of information people in medieval Europe had access to. Printing press allowed ordinary people to cheaply record and communicate an ideas freely without any censorship.
Watch the video to find out more about the decentralized world.