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No central authority within the system. Treating the hacked crypto as stolen property to report to a central authority who can use the threat of physical violen
by meowkit 5y ago
No central authority within the system. Treating the hacked crypto as stolen property to report to a central authority who can use the threat of physical violence is not incongruent with the current defi system. Its a false dichotomy presented by those naive to the pros and cons of all this.
Ideally governance would also be done in a decentralized manner, but we’re not there yet.
- lottin 5y agoIt's completely incongruent. The whole point of "decentralized" is to avoid relying on a central authority, and the price to pay is inefficiency. But if you're relying on a central authority anyway, why be inefficient?