[wraptile]

Decentralized projects will always be less efficient than centralized ones why are we suddenly so surprised?

The value of decentralized system far outweighs the cost of maintaining it especially when it comes to money. Could bitcoin be more efficient? Absolutely, but to call it big mistake of modern technology is just silly.

[lottin]

The fact that most users choose to use centralised exchanges over on-chain transactions suggests the advantages of decentralisation do not outweigh the costs in the opinion of a great majority.

[rawtxapp]

We started having decent decentralized exchanges fairly recently and there have already been days where they have processed more volume than centralized ones.

It takes time to build/deploy/grow these exchanges (since they are essentially a 2 sided marketplace).

[mkl95]

Don't get me wrong, I'm not surprised about it. The history of computing is full of inefficient, dodgy systems.