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Crypto isn’t as “decentralized” as we’d like to think.

The definition of “decentralized” by Cambridge Dictionary is “**Decentralization** or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group”

With whales being a top 1% entity that takes most decisions and sets market trends (usually in the background too), this definition isn’t being applied here.

So it makes me laugh ironically whenever I see a “the only REAL decentralized platform on the market” ad… when in reality the only real “decentralized” platforms are the ones like Genesis Pool that have zero tolerance for whale wallets in their communities. Cause all of the sophisticated DeFi tech won’t mean jack when someone buys up 90% of the coins…

What do you think?

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One Comment

  1. Do you have any idea how building a product works? You need funding , until we have decentralized capitalism true decentralization is just a pipe dream

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