polynya pfp
polynya
@polynya
"Decentralization" as it happens in crypto is inefficient, unfair, wasteful, asocial, and must be avoided at all costs Except for the 2 or 4 very valuable scenarios where it's the least worst solution
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✳️ dcposch pfp
✳️ dcposch
@dcposch.eth
What’s an example of it being “unfair”?
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Alok Vasudev pfp
Alok Vasudev
@alok
not @polynya but imo most “progressive decentralization” schemes give the merely the illusion of voice to token holders
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polynya pfp
polynya
@polynya
Not to mention, in almost all crypto protocols, >90% of the token supply is held by a few VCs and whales
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Alok Vasudev pfp
Alok Vasudev
@alok
VC backed protocols tend to have slightly better coin tables than that. Usually insiders own 40-60%. Airdrop farmers maybe get another 10%. Not great but I don’t see 90%.
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