Spare me the cliched decentralization rabble..
None of these guys give two shits about that either
Since the end of 2013 you have all collectively been on a mission to make all of crypto MORE centralized.
How do i know ?
ICO's
A step in reverse making them more centralized.
Be careful with throwing out the baby with the dirty bathwater.
Currency is always distributed according to the power-law distribution
1, regardless of the methodology which you use to distribute it (e.g. mining versus sales).
Decentralization can be orthogonal to distribution of the money supply, at least when not using proof-of-stake. I think you should stop trying to implicitly make an erroneous technical argument (even you may not realize that you are), when you are clearly ignorant of the various degrees-of-freedom in the design of a consensus token system:
What is not earned is not appreciated. This is why proof of stake is fundamentally broken. It attempts to create something for nothing.
An ICO is a transfer of real value and is applicable to PoS.
It is incorrect to conflate the consensus algorithm with the token distribution algorithm, as they are separate concerns.
Your intentions are to warn readers about that most ICOs are about taking the money and not producing realistic alternative currencies. I agree. But you reach too far when you conflate your incorrect understanding of the technology, and claim that an ICO is incompatible with decentralization of consensus of the blockchain (anymore so than Bitcoin and fiat and gold are also centralized!). Hypocrite. Decentralization is a very difficult nut to crack
2. I at least have
a technical idea for how to accomplish what even Satoshi did not!
So don't throw me (the baby) out! You dumb ass.
1 A. Dragulescu and V. Yakovenko. Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States.