Cardano is Decentralization

April 21st, 2019

In our recent post titled Decentralization & Bullshit we ended on Harry G. Frankfurt definition of bullshit: 1

The fact about himself that the bullshitter hides, is that the truth-values of his statements are of no central interest to him . . . his intention is neither to report the truth nor to conceal it. . . . unconcerned with how the things about which he speaks truly are.

We're just thinking out loud if Cardano continues to market k as its decentralization metric then we're calling bullshit.

Why are we calling bullshit on anyone touting Cardano's number of pool operators as the metric of its decentralization? Because that number is an effect, not the cause.

Cause & Effect

One of the most prominent features about Cardano is its peer review process you could equate that process to stepping into an ancient Roman gladiator tournament naked, no armor, no sword, just a shield made of logic. The gladiators who the audience has come to see don't look at you and your paper shield as being anything but entertainment, the gladiators' job is to rip you to shreds.

Now, imagine the excitement when a paper shield overtakes the arena, the gladiators bring the naked one into their fold as an equal, validating the shields strengths.

Let me ask you, what happens if Cardano dips below that touted decentralization number? Is it no longer decentralized?

Does it take 1,000 Cardano pools to be decentralized and 999 not?

Would you be willing to go into that peer review arena armed with this logic?

Yea, I wouldn't either.

Touting a pool number as Cardano's decentralization metric is confusing effect with cause. This undermines what Cardano is enabiling in the decentrlization arena.

Let's get away from propagating that marketing bullshit right now, Cardano is better than that! 2

Our top three favorites that Cardano is bringing to the decentralization arena:

  1. Non-Myopic Utility
    "It would be short-sighted (“myopic”) for stakeholders to directly use the reward splitting formulas, and base their delegation choice on those. They should instead take the long-term (“non-myopic”) view. To this end, the system will calculate and display the “non-myopic” rewards that pool operators and pool members can expect, thus supporting stakeholders in their decision whether to create a pool and to which pool to delegate their stake." 3

  2. Distributing Rewards
    Is handled by the protocol and not the pool operator! By delegating to a pool, participants of that pool do not have to trust that the pool operator will reward them for their support, Cardano handles that natively.

  3. Pool Operators & Pool Owners
    A pool operator doesn’t even need one single Ada to offer services to Cardano pool owners. The distinction between operators and owners opens up a new market of decentralization possibilities, one in which Cardano's infrastructure will become another competitive advantage that separates it from being just another number.

Those are our top three, any one of them, and many more would make a better metric than using a number as the meaning to Cardano's decentralization.

The next time someone uses a number as the metric to Cardano's decentralization you can call bullshit on them because Cardano is not bound to a number, Cardano is Decentralization.

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