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i think a lot of people who are too heavily invested in crypto tend to take all the crypto marketing way too seriously. hardly any defi plaftorm or cryptocurren

i think a lot of people who are too heavily invested in crypto tend to take all the crypto marketing way too seriously. hardly any defi plaftorm or cryptocurrency is actually decentralised in a real sense apart from maybe the top 3. as an example, terra luna was a "decentralized" platform (ignore the anchor ponzi for a moment). Even its critics generally focused on anchor and did not question the decentralization part. And yet such a decentralized platform very quickly disabled withdrawals (UST peg) as soon as it became clear that their ponzi had collapsed. now we can go in depth as to whether the mechanism they used was legitimate or whether the validators were factually independent of mr kwon but it really does not matter that is why people dont and shouldnt take any such claims very seriously. its primary purpose is marketing only.

Jommi 4y ago
You're spreading misinformation here. Decentrlization is not binary, it's scalar. Terra paused IBC bridging capabilities. This action has specific validators needed to execute it. It also did not stop you from trading UST away, on the terra Blockchain itself.
- cuteboy19 4y ago
  >Decentrlization is not binary, it's scalar. never claimed otherwise. its just that this scalar value is very very low, might as well be zero for most defi >Terra paused IBC bridging capabilities. This action has specific validators needed to execute it. thats fine. i am not convinced that these validators acted independently of mr kwon. functonally the whole terra ecosystem may well be a dictatorship under kwon