If u came in looking for decentralization on eth… I’ve got news for u
Discussion
do you think DNS or ENS is more decentralized? Or do you have another alternative naming system you can propose?
Decentralization is not a scale. It either is or it isn’t. Eth isn’t. But most #Defi bros don’t understand this yet
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