Decentralization and centralization are architectures at two ends of digital asset network design. Blockchain design choices fall along a spectrum. This white paper examines the tradeoffs in that spectrum across auditability, security, governance, and ownership. It considers three blockchain networks (Bitcoin, Solana, and Ethereum), focusing on five additional variables: ▪️ Node Participation and Accessibility ▪️ Decentralization of Validator and Issuer ▪️ Geographic Concentration ▪️ Governance Participation and Control ▪️ Distribution of Ownership

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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

“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.

Lido Poolside: Decentralization 🎃 It's almost time for another Lido Poolside! Agenda: • Strengthening validator operations with ValOS • Upcoming 0x02 CSM launch • A closer look at Lido Lend No tricks, just treats. Register here:

GoPlus Challenges THORChain’s Decentralization Claims Over DPRK-Linked Fund Flows GoPlus Security argued that THORChain should not compare itself directly with Bitcoin or Ethereum when defending its inability to block illicit flows. It said THORChain outbounds rely on threshold signatures from a relatively small active validator set, while the protocol already includes pause, per-chain signing halt and governance mechanisms. GoPlus pointed to prior intervention during THORChain’s own exploit and argued that FBI- or OFAC-attributed DPRK-linked funds could be blocked under the protocol’s existing emergency framework.