Plagiarism
User: cryptoknows
Post link: https://bitcointalk.org/index.php?topic=5378295.msg58798179#msg58798179
(archive)

Quote from: cryptoknows on Today at 08:23:36 AM

Hello friends. Do not be intimidated by the title

But I am struck by the idea of the utopian nature of the concept of decentralization in modern cryptocurrency.

Do you think cryptocurrency is truly "decentralized" at the moment?

If we turn to history, then bitcoin was originally conceived as absolutely financial freedom and a decentralized payment system, which at the moment do not correspond to the original ideas at all.

(those who disagree can googling mining pools and early coin holders)

Just like most large projects with their own blockchains and technological solutions. Take the acclaimed Solana in 2021. And what did the users get as a result? An unprotected system with many flaws, but nevertheless, such a system is called in our world "decentralized"

After all, the concept of data storage and transmission is not the whole function of decentralization, is it?

I am alarmed by the market trend and that the cryptocurrency is more and more like a stock market with exactly the same problems, where not always technological solutions that try to develop directly decentralized solutions do not receive the necessary publicity and attention. People only care about instant profit, and unfortunately, people see only profit in this, and the original idea fades into the background.

So far I do not quite understand why this is happening, because there are interesting blockchains that somehow put the development of decentralization in the forefront, like Near Protocol. I am absolutely amazed at their blockchain with a sharding system, multi-level DAO, which eradicates the centralization of human factor solutions, and it can be seen that the ideological inspirers and creators of the project really yearn for the transition of our world to a new, decentralized world.

Please share your opinion in the comments <3 I will be glad to talk with you

https://www.reddit.com/r/CryptoMarkets/comments/rm2cnh/is_decentralization_centralized/