If it's Centralized, it's Probably Corrupted

Watching the Facebook saga play out over the past few weeks highlights all of my previous posts about the centralization of information. Facebook rose to the the top of the social networking space by offering itself as the "trusted" network where only your vetted friends were allowed access. Facebook, like nearly everything that is centralized, was not to be trusted.

Now there are demands to regulate Facebook and other social media, but whom to trust as the regulator? I certainly don't want government in charge. I am not sure how the giant information silos will adapt to the new environment, but I am sure that blockchain, tokens and cryptography will provide entrepreneurs the tools required to offer people a better way to control and share their information.

With government, information and money and banking we should assume that centralization means corruption in some form.