Formally: “Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.[Wikipedia]”

It’s historically observable that power shifts between controlling oligarchies and a more distributed manner of decision making. The more famous example is Ancient Greece and the adoption of democracy, contrasted with the centrally focussed Persian Empire.

Arguably this cycle has repeated in modern history when linking a few landmark events:

Charmemagne 800

….. 250 years go by

First Crusades 1095

……250 years go by

Magna Carta 1215–1291

……250 yrs go by

Reformation and Peace of Augsburg: 1517–1555

……250 years go by

French & US Revolution 1776

…….250 years go by

>>> brings us to 2026

(With thanks to Robert Prechter)

The cycle observes a power shift that ebbs and flows between the entrenched elite creating policy and governance by the people.

If the cycle holds true, it points to the near future as potential shift, giving power back to the people.

It is my opinion that too much power is being concentrated amongst too few. Big tech monitors our lives. Big Pharma dictates our health. Big Brother has managed to wrangle its way into nearly every aspect of our lives.

It’s not always welcome.

Distrust in Big Brother has given rise to a new wave of innovation developing spontaneously across the world. A growing grassroots movement, almost a quiet revolution that is underway. It’s taking place in the little understood frontier of the digital world.

It all kicked off in 2008 when Satoshi Nakamoto published his white paper onto a cypher punk bulletin board, describing the method of creating a peer to peer system of electronic cash that sidestepped the requirement of a “trusted intermediary” to facilitate the exchange.

Initial adoption was slow but this idea has spawned the rise of a 2 trillion dollar crypto asset class that is difficult to ignore. Hot on the heels of this is the exponential growth of the decentralized finance industry (DeFi)

From an embryonic idea with clumsy implementation in 2015, DeFi has exploded into a well oiled machine offering most of the products that traditional finance would.

DeFi is based on Blockchain technology of an immutable, open, distributed ledger with no single point of failure. It operates and is maintained and underpinned by independent computer nodes across the network whose basic function is to perform true or false calculations. It is at once simple and elegant, yet complex and quasi mysterious.

This base layer provides the solid foundation to develop a myriad of financial systems on top of, each taking advantage of the previous innovation. So much so that DeFi is often likened to building with Lego where new products allow newer innovative products to be built on top of each other.

And the difference?

DeFi is owned by the people and the participants.

There are no central authorities.

Policy is written in code and published openly for scrutiny.

Participation is open to all.

There is little to no censorship.

Functionality is real time, transparent and astonishingly fast.

  • and it’s only the beginning.


PS if you liked this my next article will be entitled “Corporate Stupification”

PPS typos are proof of humanity



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Stuart Beverley

Cogitating the nature of reality, the evolution of civilisation and the development of sound money