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by trakout 3089 days ago
#2 is way off. By definition crypto is decentralized. Currencies that currently have the highest market caps (read: most popular) also tend to be open source -- anyone can contribute, and anyone can run a node and perform PoW/PoS contributions.

There are exceptions (XRP), but for the most part your comment reflects a misunderstanding of "crypto-space".

2 comments

Measuring decentralization is a significant issue in the crypto space. Here’s an interesting article from Earn.com (formerly 21.co) https://news.earn.com/quantifying-decentralization-e39db233c...

If anyone knows of similar articles or studies please share them.

If you read my #2, I basically acknowledge that crypto is decentralized. What I argued is that decentralized does not mean what the vast majority of people thinks it means, which is that it makes financial system more democratic. Many including myself are taking exception to that misconception.