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Tweets including Decentralization
Decentralization theater is one of the biggest unsolved issues in DeFi Here's how EtherFi thinks about it:
Decentralization matters. So does simple, direct access to your crypto. Zypto App gives you integrated swaps built right in. Uniswap, Raydium, ShibaSwap, Aftermath, Sunswap, and Optimism-based DEX. Plus additional routes with ChangeNOW, LetsExchange and SwapKit. 🔄 Constantly upgrading and integrating more ways for your crypto. If you want easy swaps, you need Zypto. #FreeYourMoney#
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decentralization is a bad sell the reason is that it focuses on the absence of something rather than a concrete, perceptible difference gained from its addition humans buy presence -> i.e the gain of time, money, access, identity, status, and joy bitcoin does this well, and is arguably the only one to have done so the decentralization isn't why you buy bitcoin, you buy it because of what it promises you for some people, this is money free from the state; for others it's identity, for some insurance, for some status, and for most it's the appreciation of the asset and hence money decentralization is necessary for the selling point to work, but it is not the end itself so if you've made the choice to build on top of a decentralized platform, it is mostly useless to talk about it (except in so far as trying to avoid regulatory responsibility, which is fair), talk about why you are now different as a result perhaps that's asset selection, perhaps that's access, perhaps it's efficiency or composability or speed or security, but without something tangible you won't be able to sell effectively once you do this, you'll understand whether the thing you're building is useless or not because if there's nothing gained from the decentralization vector except putting the word itself in your tweets to signal virtue, then you are building the wrong thing
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“Decentralization is extraordinarily important at the blockchain level, but at the application level you need to have an ability to intervene.” @MikeSilagadze, founder and CEO of @ether_fi explains the difference between base-layer decentralization and app-layer safety.
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Decentralization is the future of human coordination. 😱
Decentralization is the future of innovation. 😨😋
Bringing an end to decentralization theater and extractive financial system that pays you nothing and can freeze your money on a whim
People say decentralization doesn’t matter… until it does. Same with privacy. Same with self-custody. If Bitcoin is going to power a global financial system, it can’t rely on trusted chokepoints.
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Everyone says decentralization matters. Few explain why. Our research team's latest blog dives into the trade-offs, challenges, opportunities, and more, so you can learn what decentralization is beyond the buzzwords and what it does from the people working on it every day. 🔗
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People say decentralization doesn’t matter… until it does. Same with privacy. Same with self-custody.