[ChainOfFools]

decentralization of mechanical infrastructure is irrelevant. decentralization of human control over said infrastructure is all that matters.

one does not correlate with the other.

if anything, the strongest incentive is to mask centralized ownership behind a screen of decentralized infrastructure.

a culture of anonymity helps discourage inconvenient questions about transparency and thwarts attempts to formally analyze the relationship between agents and principals in a blockchain network.

all cryptocurrencies are thus fundamentally based on deception, as the blockchain is designed to expose activity statistics that demonstrate 'decentralization' of agency, but anonymizes the linkage between agent and principal, making those statistics worse than meaningless.