5 ms·
What I think a lot of people don't appreciate yet is that computationally decentralised systems can still have legal single points of failure. Lots of chains h
by xyzzy123 5y ago
What I think a lot of people don't appreciate yet is that computationally decentralised systems can still have legal single points of failure.
Lots of chains have holding entities or foundations (nominally for governance, really to justify their premine or "reserves") and seem rather vulnerable, especially if they pay the core developers.
The CEO of that entity won't take your calls but they are absolutely exposed to the whims of the legal system in their founding jurisdiction.