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.
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.
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