Decentralized systems can empower individuals and distribute wealth more equitably from "summary" of Who Owns the Future? by Jaron Lanier
In the digital age, the promise of decentralized systems lies in their potential to shift power away from large corporations and government entities and towards individuals. By enabling peer-to-peer interactions and cutting out middlemen, these systems can empower people to take control of their data and intellectual property. This shift has the potential to distribute wealth more equitably by allowing individuals to directly benefit from the value they create online. Traditional centralized systems, on the other hand, tend to concentrate power and wealth in the hands of a few. In these systems, users often provide valuable data and content for free, while large companies profit immensely from aggregating and analyzing this information. Decentralized systems have the potential to disrupt this model by enabling individuals to monetize their own data and cont...
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