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The most valuable commodity is no longer gold or oil — it’s computing & data. This $4+ trillion industry is monopolized by four corporations — AWS, Google Cloud, Meta, and Microsoft.
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They own 96% of the world’s data and IT infrastructure. They set the terms for what we can say, build, use, consume, and share.
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They spend billions of dollars on building services to collect our data. If you’re not paying for it, you are the product.
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The largest shareholders of these IT monopolies are BlackRock and Vanguard, the very same entities that spend millions lobbying for laws that favor them.
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If governments or regulators want to shut down your website or service, they contact AWS or Google to do it. Large shareholders claim there aren’t conflicts of interest, but look around.
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In ancient times, empires and kingdoms ruled the world. They held centralized power, monopolized resources, and made critical decisions behind closed doors — regardless of the outcomes.
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We think we’re better off today, but I find that structure still exists, hidden beneath the surface.
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In the old days, the Ottoman and Roman empires controlled certain parts of the world. But today’s monopolies like AWS, Google Cloud, Meta, and Microsoft control, have more influence and distribution than all those empires combined.
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Now, the big question: If we survive long enough — another 100 — and become a type-1 civilization, slowly colonizing our solar system, will we have mega-corporations like Google controlling solar system-scale data and IT infrastructure?
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What happens if one corporation controls everything? How will this affect our future? To me, it seems we are heading that way.
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From a democratic point of view, a small group of people shouldn’t get to decide what is good for society. We should share that right. Big corporations assume they have that right and run with it. But we shouldn’t give them that right by default.
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I envision a world where trust is built into the design — not into brands or people who run it. Instead of relying on a small group of people, we should have technologies that are immutable by design and verified by widely distributed independent verifiers.
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When I look at decentralized public networks like Bitcoin, I find them fascinating. For the first time in history, we have a self-evolving, self-governing public infrastructure that is available to anyone — not owned or controlled by a government or corporation.
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This is why I was drawn into the Web3 space in the first place. I was so excited and inspired by the hope that we can demonstrate democracy and freedom through technology and innovation.
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That’s why decentralization is so important to our future. It distributes power, with trust in design.
Decentralization Is the Foundation of True Democracy!
Read my full article, where I break things down even further.