> A "perfectly designed" decentralized system may be superior, but I don't believe it's possible to perfectly design an incentive structure from the get-go. The

> A "perfectly designed" decentralized system may be superior, but I don't believe it's possible to perfectly design an incentive structure from the get-go. The world is incredibly complex, and once you have a bug or mistake in your decentralized system, it's doomed because it can be exploited. There are already countless examples of various tokens and blockchains being hacked/exploited. A centralized, human-led organization is less efficient, but more resilient to such things. Part of the issue here is that the blockchain space as a whole has been _super_ eager to rush ahead of the safety margins and build everything they can imagine rather than build everything that's comfortably within our understanding of how it works. I would describe a lot of the building happening today to be similar to Mesopotamians trying to build aircraft carriers. Like yeah, boats are one of the most important inventions in history, but you can't just go from river boat to crossing the ocean in one step.