Are XRP, ETH, LINK Actually Decentralized?
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In this video, I discuss whether XRP, ETH, and LINK are in fact decentralized, or just DINO ("decentralized in name only").
If you are a centralized corporation that magically ended up with a huge amount of the premine and you also publish a recommended list of "company-approved" nodes--
If you have a living founder who proposes a roadmap and directs development from his bully pulpit--
If you have a living founder who approves of rolling back the chain in order to bail out his buddies--
If you have moved to proof of stake, and a centralized, government-regulated staking service is taking over much of the chain's validation--
If you have an insider multi-sig that controls all DeFi price oracles--
Then your crypto is probably not at all that decentralized.
Bitcoin is decentralized, not because it has nodes and miners all over the world, but because it is not controlled by a small group of insiders who can force protocol changes on everyone else.
Bitcoin protocol change is a contentious, messy process, which suggests that there is no one in control or in charge.
Not investment advice! Consult a financial advisor.
Ethereum Merge? Get Ready for the 'Surge, Verge, Purge, and Splurge', Says Vitalik Buterin:
https://decrypt.co/105707/ethereum-merge-surge-verge-purge-splurge-vitalik-buterin
Ethereum DAO hack:
https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
Vitalik Buterin contemplates Ethereum staking changes in blog post:
https://www.theblock.co/post/253734/vitalik-buterin-contemplates-ethereum-staking-changes-in-blog-post
Active OFAC censorship taking place on Ethereum:
https://www.mevwatch.info/
Lido taking over staking:
https://dune.com/hildobby/eth2-staking
Lido's venture capitalist backers:
https://www.crunchbase.com/organization/lido-b607/company_financials
Danny Ryan of the Ethereum Foundation on Lido's existential threat to Ethereum:
https://twitter.com/Pledditor/status/1706606105961341382
Sergey Nazarov is truth-challenged:
https://decrypt.co/199066/only-bitcoin-ethereum-chainlink-are-meaningfully-decentralized-sergey-nazarov
Chris Blec on Chainlink's centralized multi-sig control of all DeFi:
https://twitter.com/ChrisBlec/status/1706001824153481284
https://twitter.com/chrisblec/status/1698793083209494537?s=51&t=KwMAnw3pTo2G9HrxebXpw
https://twitter.com/chrisblec/status/1699055442109092000?s=51&t=KwMAnw3pTo2G9HrxebXpwg
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#crypto
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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