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Perhaps the idea of "pure decentralization" doesn't exist; only partial realizations of it. If you look at Bitcoin and Ethereum you find concentrations of powe
by Rapzid 6y ago
Perhaps the idea of "pure decentralization" doesn't exist; only partial realizations of it.
If you look at Bitcoin and Ethereum you find concentrations of power, information, and etc at many levels; centralization. Even at the technical level the solution to controlling change is often to have minority steering groups whose membership necessarily suggests a concentration of power enabling them to exert influence.
- ketamine__ 6y agoTaking that a bit further many startups have raised a traditional round before an ICO. Since ICO's are so popular I think one could argue that they don't need to do this. Are they loyal to the VC's or the token holders?