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If it's a centrally controlled project that is capable of executing an "emergency shutdown" on the decision of a few people, then it's not really a cryptocurren

• gfodor 4y ago
  It's a DAO. The idea of most DAOs is they are set up to grow into being more decentralized and driven by smart contracts as the number of stakeholders goes up. I am not familiar with the details of how MakerDAO is structured but the fact that a given DAO is exposed to the typical risks of centralization isn't surprising - the entire DAO ecosystem is young and is literally a decade behind the first successful cryptocurrency in terms of reach.
• horsawlarway 4y ago
  This is a blunt misunderstanding of power in general. Nearly every citizen that's not running an extensive mining operation is going to be required to go through a centralized exchange at some point or another. There is no way to avoid this issue of trust with crypto, unless crypto itself becomes the de-facto currency of choice (hint: it won't). There is simply no meaningful way to avoid "trust", despite the snake oil that crypto folks like to coat everything in.
  • DubiousPusher 4y ago
    And a full public unfalsifiable history of all transactions ever ensures you're only as anonymous as the exchange you used can make you.
• deleted 4y ago
  [deleted]