DeFi is not the first Decentralized Technology to achieve mass adoption. Not even Bitcoin is.

BitTorrent was.

Borne out of a real use case, BitTorrent& #39;s story provides a case study for DeFi

It explains Why, and How to Decentralize.

Thread:

1/ The first great article on this topic is by John @backus

"Resistant Protocols" explains how decentralization first evolved organically.

From sharing mp3s on BBSes, to Napster to Pirate Bay

Decentralization evolves from regulation.

https://gwern.net/docs/technology/2018-07-25-johnbackus-howdecentralizationevolves.html">https://gwern.net/docs/tech...

2/ The 2nd great article on BitTorrent is by @simonhmorris

The title focuses on business, but Simon makes several salient points about Decentralization further down:

-Intent Matters

-Decentralization is costly

-Decentralization is a means to an end https://breakermag.com/bittorrents-lesson-for-crypto-decentralization-is-not-a-business/">https://breakermag.com/bittorren...

3/ I& #39;m not a lawyer. This is not legal advice.

But given how young our industry is, it seems wise to look at our predecessors.

These two articles on Bittorrent explain Decentralization in practice better than anything else I& #39;ve read.