1 min readJan 31, 2019
This is false, nothing about Ethereum is decentralized and most of the conclusions are therefore extremely false. MKR is another good example as it depends on trusting a single party to allocate the tokens that control the oracles, oracles who have 0 incentive to be honest. You can’t decentralize when the coins that make up the economic majority were allocated almost entirely by a central trusted authority. 1 trusted party is not decentralized and not trust minimized. It’s a very basic math problem and both Ethereum, MakerDAO/DAI, and Paypal have exactly 1 trusted party in control by design — literally not possible to argue otherwise. There’s a reason why all good and legitimate developers avoid Ethereum at all costs.
