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How is it not open when anybody can interact with it and look at the source code, state of the chain and smart contracts? The chain is decentralized as no compa

How is it not open when anybody can interact with it and look at the source code, state of the chain and smart contracts? The chain is decentralized as no company is hosting the servers and can pull a google on short notice. But sure, many chains have serious problems with centralization of assets, control by a single person group..... This things, in combination with regulation, have to work itself out and the situation will most likely be completely different in 5-10 years.

NicoJuicy 5y ago
You're talking as a developer. None of the exchanges influencing crypto is actually open about their business. Eg. They even try to fake audits as much as possible. Ponzi schemes, pump and dumps, fake code-audits that reveal 0day exploits at launch and other (sometimes insider) hacks everywhere! It really is a daily wild wild west show - https://rekt.news https://rekt.news I will never trust a currency, where malicious insiders can walk away anonymously with my money and blame it on a hack.