New Era

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M U H A M M E T C A N O T S A Y
Technological decentralization
The lack of need for a center, namely decentralization, is an important
part of this whole story. While taking a brief look at this story, we should
mention the pioneers of the internet world. In addition to being internet
pioneers, these people are internet nerds, internet evangelists, most
likely programmers and maybe hacktivists.
A considerable number of these people founded
companies that develop the most advanced
technologies in the world today. The birthplace of
companies such as Google, Facebook, Apple,
Silicon Valley, the mecca of the world of technology
entrepreneurship , and the series of events
that unfolded on the entire internet determined
the way of thinking of these technology leaders.
When thinking of technology pioneers, people like
Elon Musk and Jack Dorsey should come to mind.
To understand how outlier some of them are, let's take a look at this
excerpt from Peter Thiel's book Zero to One.
Four out of six people who founded PayPal (one of the world's largest
fintech companies, of which Elon Musk co-founded) made a bomb in
high school. Five were only 23 years old or younger. Four of them were
born outside the United States. Three of them had fled to
the US from communist countries: Yu Pan from China, Luke
Nosek from Poland, and Max Levchin from Soviet Ukraine.
At that time, making bombs in those countries was not a
normal thing for children to do. (Thiel & Masters, 2014)
I will briefly touch on the reasons why these extraordinary
people embrace the idea of decentralization.
First of all, we should point out that the internet itself
has a decentralized structure, it has no owner or center
(this issue is also open to debate).
The disadvantages and limitations brought about by the centrality of
internet technologies have pushed people towards decentralization.
One of these problems may be user data collected by internet
companies and privacy concerns.