Decentralization is not a scale. It either is or it isn’t. Eth isn’t. But most #Defi bros don’t understand this yet
Discussion
right.. And How would you define decentralization? And why can't you describe how a naming system on top of bitcoin would work?
A protocol without an oligopoly or a small group of insiders who can make or change rules. DAO hack showed a group of insiders in ETH can change rules on their protocol if the insiders don’t agree with something that has happened on their chain