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notes/deconstructing-decentralization.md
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@ -70,6 +70,10 @@ aliases: notes/deconstructing-decentralization.md
* Calls to Action * Calls to Action
* The status quo usage of the terms “decentralized” and “decentralization” is deemed untenable by many commentators, and there are a variety of calls to action in the literature: deeper study of the term; frameworks for better understanding or measuring the decentralization of crypto systems; doing away with the terms altogether in discussing crypto systems. * The status quo usage of the terms “decentralized” and “decentralization” is deemed untenable by many commentators, and there are a variety of calls to action in the literature: deeper study of the term; frameworks for better understanding or measuring the decentralization of crypto systems; doing away with the terms altogether in discussing crypto systems.
> **_What does decentralized mean?_**
>
> There are two different common usages for the term 'decentralized' within the crypto-sphere: (1) To describe the peer‐to‐peer network of computers that comprise a permissionless blockchain; (2) To describe how power or agency works within permissionless blockchain systems. Coalescing of these meanings and the complexity of blockchain technology results in misunderstandings of how 'decentralized' blockchain technology actually is.
## III. Examples of Concentrations of Power in Permissionless Blockchain Systems ## III. Examples of Concentrations of Power in Permissionless Blockchain Systems
* Emergency rescues of Bitcoin by small groups of developers in 2018 when a critical software bug was discovered and March 2013 when the blockchain suffered an unintended [hard fork](https://web3.lifeitself.us/concepts/hard-fork). * Emergency rescues of Bitcoin by small groups of developers in 2018 when a critical software bug was discovered and March 2013 when the blockchain suffered an unintended [hard fork](https://web3.lifeitself.us/concepts/hard-fork).