Replying to Avatar Melvin Carvalho

The Decentralization Fallacy is like the 'either/or fallacy'—thinking a system is either fully decentralized or not at all. This black-and-white view leads to stagnation and propaganda. Instead, consider systems as 'sufficiently decentralized.' For instance, paper is decentralized—you can write anything. Notepad lets you save text without constraints. XRP isn't decentralized; a single authority controls it, leading to manipulation. Bitcoin, however, is sufficiently decentralized with a proven fair track record. The internet should be powered by sufficiently decentralized systems. Don't fall for 'decentralized in name only' (DINO) systems and the decentralization fallacy.

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0xfa 1y ago

Love it 🫡

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