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"The path to decentralisation" for these projects are usually very primitive and don't actually arrive at the broad claims. Too often it's just putting wall pap

by monokh 6y ago

"The path to decentralisation" for these projects are usually very primitive and don't actually arrive at the broad claims. Too often it's just putting wall paper over the hole in the wall. A DAO it self doesn't bring you decentralisation, the hardest problem is how you determine the members of the DAO. With how this is being played (tokens) you arrive at oligarchy or a federation, not decentralisation. The developers know this. That's why you don't see anything but baby steps forward with regards to decreasing their power over the protocols. Ditto on the non custodial claims, I can count on one hand the amount of times I've seen this term used to describe a product and for it to actually be the case.

hanniabu 6y ago
Since you guys seem to know your stuff and can see past all the marketing bullshit meant to intentionally mislead people, you might be interested in Blocknet and Block DX (DEX powered by Blocknet). Unlike Uniswap which is Ethereum/account based, Block DX is UTXO based (ETH integration in the works) with every component decentralize. Non-custodial, order books are p2p, order matching is p2p, and verifications are performed locally, and settlement via atomic swaps. Trades are also extremely fast (3-10s) with trade times independent of block times. Also in regards to Blocknet as a whole, they also offer decentralize oracles. Anyway, I'll stop here because I think I may be coming off as a shill, but I just figured you'd enjoy taking a peak since you could appreciate what they're doing for the ecosystem.