The requirement and incentives to keep others honest is still there, albeit moved up from individual to commercial entities. Each user mining and validating is long dead and getting deader by the second for Bitcoin at least.
Well hell... my apologies for being that guy screaming at the tsunami. I guess I listened to far to many scammers trying to make us believe decentralization is something attainable. Even satoshi knew decentralization in a world with unequal resources couldn’t happen. Honest and crypto. Two words that need to get a relationship with each other for crypto to even be considered. But hell look at the fraud Coming out daily. . Doesn’t look like honesty is a virtue people take pride in. A symptom of the greater disease that is capitalism
BR