3 ms·

I think there's many outright lies about decentralisation told in crypto circles. So many ethereum contracts turn out to have a central override that one party

I think there's many outright lies about decentralisation told in crypto circles. So many ethereum contracts turn out to have a central override that one party can control. 'Decentralised' systems often turn out to have a company in charge so that they can make money off of an app. Even blockchains are allegedly decentralised, and yet all it takes is a couple of mining pool owners to collaborate to gain overall control of the thing. Are there any real decentralised systems out there that couldn't be controlled or overruled by a few well-placed individuals working together?

CyberDildonics 9y ago
You are mistaking a goal with claims that the goal has been 100% achieved. > Are there any real decentralised systems out there that couldn't be controlled or overruled by a few well-placed individuals working together? The internet is probably a good example.
- joosters 9y ago
  The internet is a great example. I look forward to any cryptocurrency project getting anywhere close to such a thing. (And calling yourself 'web 3.0', like ethereum, does not count :) As for decentralisation 'goals', the difference is not clear. Decentralisation is the buzzword that the sector loves, but I haven't seen much in the way of progress towards it.