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But, what if an alternate future unfolds?

If bitcoin is described as open, decentralized, permissionless, and censorship-resistant and is the prime example of blockchain and decentralization evolving together in the financial sector, then its inverse example is now coming to life. We have the first vision of what a closed, centralized, censorable state-sponsored digital currency would look like.

Say hello to the digital yuan.

recent acquisition of Steemit, a blockchain-based blogging and social media website built on top of the public Steem blockchain, once again raises the question of whether decentralized media can remain that way. Tron also bought BitTorrent, a company built on top of the open bittorrent peer-to-peer file sharing protocol.’ data-reactid=”62″>Tron’s recent acquisition of Steemit, a blockchain-based blogging and social media website built on top of the public Steem blockchain, once again raises the question of whether decentralized media can remain that way. Tron also bought BitTorrent, a company built on top of the open bittorrent peer-to-peer file sharing protocol.

originally developed on Tron before being excluded for competing too strongly with Tron’s native BitTorrent Token.’ data-reactid=”64″>Even before this, Tron had an unspoken history of removing competitors to its native applications at the project level. POP Network has first-hand experience as it was originally developed on Tron before being excluded for competing too strongly with Tron’s native BitTorrent Token.

strong assurances and what we’re left with is a permissioned network that resembles today’s centralized networks but built on less efficient infrastructure. That doesn’t sound very interesting or exciting to me,” says Spencer Bogart, partner at Blockchain Capital, of this inherent conflict.’ data-reactid=”72″>“Ultimately, I think the ongoing trend toward increasing centralization inevitably leads to a situation where a blockchain loses its entire raison d’etre as a permissionless platform with strong assurances and what we’re left with is a permissioned network that resembles today’s centralized networks but built on less efficient infrastructure. That doesn’t sound very interesting or exciting to me,” says Spencer Bogart, partner at Blockchain Capital, of this inherent conflict.

Blockchain without decentralization doesn’t sound very interesting to me either.

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