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The Evolution of Protocols: Decentralization vs. Centralization
This chapter examines the historical development of network protocols, likening their progression to governance structures like the U.S. Constitution. It highlights the shift from decentralized systems to central control, using examples like SMTP and Bitcoin, while addressing the challenges of protocol ossification and security in digital asset management. The speaker underscores the necessity of user self-custody and the quest for innovation to uphold the principles of decentralization amidst rising centralization.