Talking about a decentralized ecosystem when the team is managing an ICO is complete nonsense. Plus when you study more about ICO tokenomics, you realize that more than 50% of all issued tokens go to the team. So, how the project could be decentralized?
Decentralized projects are not pre-mined, without any ICO, equally distributed among other users.
Topic: Has "Decentralization" become a buzz word these days? - page 2. (Read 265 times)
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In reality nothing is truly decentralized. Bitcoin which arguably is the most decentralized cryptocurrency by distribution in an upper estimate is owned by just 1% of world population. Every other coins distribution are smaller. If you go to count minders and nodes, that would be tiny as negligible.
The decentralized word most of the newer chain uses means decentralization in the manner of operation. i.e. use and transaction not being controlled by any single entity.
The decentralized word most of the newer chain uses means decentralization in the manner of operation. i.e. use and transaction not being controlled by any single entity.
Decentralization is a common language nowadays especially in the crypto industry, and the tool to make decentralization works was already there, but why until now decentralization is not yet fully achieve and just become only an option, I think the main problem is the legality. In some countries, governments, and territories they consider that the decentralization ideas is a treat to their governments and because of that reason decentralization is very hard to implement, I believe that the DeFi's popularity today is just a hype and later on it will be returned to normal.
It's true that decentralization and blockchain technology have become buzzwords these days.
People are not realizing that re-imagining bitcoin's trustless decentralized system for something other than transactions of cash isn't going to be nearly as trustless and decentralized.
Many projects have filled these holes with trust based solutions such as permissioned chains, high-trust nodes, setting validators, voting and other ridiculous solutions.
I think most projects that are rising through the De-Fi trend will spend years without having achieved much if anything. Their promises are tied around a speculative token and in reality not much beyond this is thought out.
I do think there's value in building decentralized and autonomous or semi autonomous solutions such as decentralized exchanges and marketplaces. But I don't see much value in tokenizing these systems under a proprietary model and a centrally managed organization. Cryptocurrencies ran like a corporation fail to be decentralized right from their very foundation.
I'll be a little bit skeptical about this. As you said, you don't see much value of decentralized in tokenizing those systems. However, DeFi projects are not completely matured yet. It is still growing and developing. As now, it's true to say that we can't see any further advantages of DeFi projects in tokenizing those systems, but we can't say for sure in the future. People are not realizing that re-imagining bitcoin's trustless decentralized system for something other than transactions of cash isn't going to be nearly as trustless and decentralized.
Many projects have filled these holes with trust based solutions such as permissioned chains, high-trust nodes, setting validators, voting and other ridiculous solutions.
I think most projects that are rising through the De-Fi trend will spend years without having achieved much if anything. Their promises are tied around a speculative token and in reality not much beyond this is thought out.
I do think there's value in building decentralized and autonomous or semi autonomous solutions such as decentralized exchanges and marketplaces. But I don't see much value in tokenizing these systems under a proprietary model and a centrally managed organization. Cryptocurrencies ran like a corporation fail to be decentralized right from their very foundation.
Do you think mainstream crypto companies, and startups are making bad use of the term "decentralized"? Are people worldwide being fooled by these same entities? Your input will be greatly appreciated. 
If they say decentralized then they should not have any authorization over it. Bad example of this is xrp, they trying to incorporate decentralized on their project services but the truth is they are publicly centralized, like xrp ledger. Many project keeps mouthing the term decentralized but they dont actually knew exactly what supposed to be when you are decentralized. Only bitcoin so far proven the decentralized concept without any issue at all. 
It's true that decentralization and blockchain technology have become buzzwords these days.
People are not realizing that re-imagining bitcoin's trustless decentralized system for something other than transactions of cash isn't going to be nearly as trustless and decentralized.
Many projects have filled these holes with trust based solutions such as permissioned chains, high-trust nodes, setting validators, voting and other ridiculous solutions.
I think most projects that are rising through the De-Fi trend will spend years without having achieved much if anything. Their promises are tied around a speculative token and in reality not much beyond this is thought out.
I do think there's value in building decentralized and autonomous or semi autonomous solutions such as decentralized exchanges and marketplaces. But I don't see much value in tokenizing these systems under a proprietary model and a centrally managed organization. Cryptocurrencies ran like a corporation fail to be decentralized right from their very foundation.
People are not realizing that re-imagining bitcoin's trustless decentralized system for something other than transactions of cash isn't going to be nearly as trustless and decentralized.
Many projects have filled these holes with trust based solutions such as permissioned chains, high-trust nodes, setting validators, voting and other ridiculous solutions.
I think most projects that are rising through the De-Fi trend will spend years without having achieved much if anything. Their promises are tied around a speculative token and in reality not much beyond this is thought out.
I do think there's value in building decentralized and autonomous or semi autonomous solutions such as decentralized exchanges and marketplaces. But I don't see much value in tokenizing these systems under a proprietary model and a centrally managed organization. Cryptocurrencies ran like a corporation fail to be decentralized right from their very foundation.
There has been some "buzz" going around related to "De-Fi" thanks to the negative effects of COVID-19 in the mainstream economy. There are many projects out there which claim to be "decentralized" these days. But deep inside, they're just a "reincarnation" of banks right on the Blockchain subject to single points of failure. For instance, Binance claims that its "Binance Chain" platform is "decentralized" when you and I know that's not the case. The same thing happens with IOTA (centralized coordinator) and Ripple's "XRP Ledger".
If we base ourselves on facts instead of projects' claims, we'll realize that a very small portion of cryptocurrencies provide true decentralization and censorship resistance. But most people don't care about decentralization as long as they're able to make money in crypto land. It's best we call projects such as XRP, TRON, and IOTA as "distributed ledgers" rather than "decentralized Blockchains" due to the way they're designed. As long as the term "decentralized" is just inappropriately, people will believe that their funds are "SAFU" in any type of cryptocurrency or Blockchain network.
Do you think mainstream crypto companies, and startups are making bad use of the term "decentralized"? Are people worldwide being fooled by these same entities? Your input will be greatly appreciated.
If we base ourselves on facts instead of projects' claims, we'll realize that a very small portion of cryptocurrencies provide true decentralization and censorship resistance. But most people don't care about decentralization as long as they're able to make money in crypto land. It's best we call projects such as XRP, TRON, and IOTA as "distributed ledgers" rather than "decentralized Blockchains" due to the way they're designed. As long as the term "decentralized" is just inappropriately, people will believe that their funds are "SAFU" in any type of cryptocurrency or Blockchain network.
Do you think mainstream crypto companies, and startups are making bad use of the term "decentralized"? Are people worldwide being fooled by these same entities? Your input will be greatly appreciated.
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