Trust Minimization and Decentralized Internet: Interview with Josekrypto

In decentralization, we trust, and in our community, we believe!

This interview is part of the #Decentralized-Internet writing contest! For those who are reading about it for the first time, HackerNoon is excited to host the contest in collaboration with QuickNode!

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So without further ado, let’s start the interview.

Thank you for joining us! Please tell us about yourself.

Hey there! My name is JoseKrypto, and I work under the marketing department for a crypto launchpad. I got into cryptocurrencies back in 2011 when I first heard about Bitcoin. I was immediately fascinated by the concept of decentralization and have been hooked ever since. I practice Karate as a form of exercise and enjoy learning more about decentralization and how it can benefit society as a whole.

Let's discuss centralized internet first. What is your opinion on the centralized internet? What are its pros/cons?

As someone who spent their entire life online, it's hard for me to imagine a world without the centralized internet. It allowed me to connect with people from all corners of the globe and has given me access to information that I never would have had otherwise.

That said, there are also some drawbacks to living in a world where the centralized internet is such a central part of our lives. For one, it can be easy to get sucked into spending too much time online and forgo important activities like interacting with friends and family in person. Additionally, it can be difficult to differentiate between real and fake news when so much of our information comes from centralized sources.

Overall, I think the pros of the centralized internet outweigh the cons, but it's important to be aware of both its benefits and drawbacks. Hopefully, as we move forward, we can find a way to balance the need for centralized internet with the need for privacy and freedom and this is where decentralization comes in.

What does decentralization mean to you?

Decentralization means freedom to me. The freedom to control my own destiny, and the freedom to choose the path that's best for me. It means not having to rely on anyone else to make decisions for me, and not being beholden to anyone else's rules. It means being in charge of my own life, and my own future. I believe that decentralization is key to creating a fairer society. By taking power away from centralized institutions and giving it back to the people, we can ensure that everyone has an equal say in how our world operates.

How does decentralization change the internet?

Decentralization of the internet is important because it keeps the power in the hands of the people. With decentralization, there is no one organization or individual that can control what information is shared and how it is shared. This makes it difficult for governments and other organizations to censor or suppress information.

Decentralization ensures that the internet remains a free and open space for everyone. Another important benefit of decentralization is that it makes the internet more resilient to attacks. If one part of the network is taken down, the rest of the network can still function. This is in contrast to centralized networks, which are more vulnerable to attacks because all of the data is stored in a single location. Decentralization also makes it more difficult for governments and other organizations to track online activity.

All of these benefits make decentralization an important tool for promoting freedom and privacy online.

What is the best thing about decentralized internet?

The best thing about decentralized internet is that it gives everyone a voice. We can all share our opinions and ideas without having to go through a centralized institution. This makes the internet more democratic and allows for a greater variety of voices to be heard. With more people having a say in how their lives are run, it opens up the possibility for greater innovation and creativity. It also builds trust among people, as they can see that their voices are being heard.

Are you currently directly or indirectly working on the decentralized internet use case? We would love to know more about it.

Yes, I am currently working in the marketing department for a crypto launchpad. Crypto launchpads are the next big thing in the digital world. It is a kind of platform for launching crypto projects, raising funds, and raising liquidity in the form of Initial DEX Offering (IDO).

According to coinmarketcap.com- IDO means:

An initial DEX offering, or IDO, is a new and exciting type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space. If a project is launching an IDO, it means the project is launching a coin or token via a decentralized liquidity exchange.

What are the biggest challenges in the way of the decentralized web?

The biggest challenge in the way of the decentralized web is getting people to understand and embrace it. Many people are still dependent on the current centralized companies and authorities.

Do you have any apprehension or fear related to the decentralization of the internet?

I don't have any fear related to the decentralization of the internet, but I am just a little worried about how different governments may interfere.

How do you see the future of the decentralized internet?

I am optimistic about the future of decentralized internet because more and more people are waking up to the harms of centralization. We finally realize we need to change what has become an unsustainable system that benefits only a handful of powerful tech companies.

Decentralization is an opportunity for any for-profit or nonprofit organization with digital assets to take control back from potentially predatory mega-corporations. The underlying principle is trust-minimization by taking power out from central entities and distributing it evenly among all peers in the network.

Thank you for your time! Any closing thoughts/advice for the readers?

I would encourage everyone to stay informed about these developments and to get involved in shaping the future of the internet. Thanks!