Hyper-centralization
- #Banks that aggregate customer data; then sell/lease it to 3rd parties (#DeFi) without compensating customers
- #Energy companies who trade energy products but neither produce, distribute, nor consume any of the products they trade in: electricity, nuclear, coal, gas, oil, …
- #Governments that outsource to #IDP‘s
Circular Hyper-centralization
- #Healthcare providers and insurers who jointly pool and mine their patient data
- #BigTech companies who invest in each other – taking equity positions and payments in a circular loop
- #Telco, #BigTech, and #Governments that prevent individuals from having a personal presence (static address) on the Internet
Circular Hyper-centralization is the worst possible/deadly scenario/societal configuration.
