"Decentralization" doesn't look decentralized
2 points by DeveloperOne 5 hours ago | 1 comments
Billions in assets frozen within minutes, or at most a few hours.
So, what’s the difference between having a bank account where your funds can be frozen and holding blockchain tokens that can be frozen as well?
There are a few important conclusions:
1. Decentralization doesn’t mean ownership.
2. Decentralization of computational resources doesn’t mean decentralization of the assets you own.
3. Ownership isn’t yours (just partially) in either case: neither in TradFi nor in Crypto.
[–] salawat 4 hours ago