Always a mistake to create something that’s centralized and figure, no worries, we’ll decentralize it later. It reminds me of Roger’s thought process: that he and Jihan could take control of BCH, turn it into PayPal so they could steer it properly, then magically decentralize it at some unspecified time in the future.
That was my understanding / interpretation of what they were trying to do, in any case. I could be remembering things incorrectly. But the lesson: always be super wary of any project that passes up an opportunity to decentralize today with the promise to do it tomorrow.