teddit

candid thoughts (and warning) on BlackRock's Larry Fink's "endorsement" of crypto ETFs and tokenization.

if you respond with genuine feedback, reactions, counterargument, etc. and continue the conversation, then i will gift you warps.

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

This is actually very worrisome and something that the crypto industry should think about it. The goal of the crypto industry is to give back the power to the people, not some centralized entity!

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

What power is the centralized entity gaining here?

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

What does "control" mean? They own more of the asset, but what power does that actually give them over Ethereum, or The People, etc?

The point of decentralization is to democratize *power* (not solve wealth inequality), which limits what a single entity hodling a large amount of the asset can do, right?