Chapter
Centralized Vs Decentralized Apps
3:36:32 - 3:45:00 (08:27)
The growth of centralized apps is inevitable because businesses require a centralized authority to make decisions, while the demand for decentralized apps will come from people who trust that it will not be messed with.
Clips
The adoption of proof of stake systems can be challenging due to technical and social factors.
3:36:32 - 3:40:57 (04:25)
Summary
The adoption of proof of stake systems can be challenging due to technical and social factors. While centralized marketing can help promote it initially, long-term adoption depends on users' trust in the system's security.
ChapterCentralized Vs Decentralized Apps
Episode#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
PodcastLex Fridman Podcast
The economics of dApps makes no sense in that they require a tremendous amount of resources while having no way to monetize, which makes them unappealing to both developers and users.
3:40:58 - 3:45:00 (04:02)
Summary
The economics of dApps makes no sense in that they require a tremendous amount of resources while having no way to monetize, which makes them unappealing to both developers and users. Furthermore, because businesses require a centralized authority to make decisions, there cannot be successful dApps for businesses such as Uber, Twitter, or social media.