Wait for it… yes, decentralization.

Because like every other emerging religion the movement of decentralization is looking to sacrifice upon the altar of freedom, Just like the last Christians, Democrats, communists or socialists.

Yes, twitter trolls out there are angry because Bancor was not willing to lose tens of millions in the name of decentralization. But before the cause of decentralization emerged — far back then, there was a hidden ideology of making the critical mass part of an economic ecosystem that is detached from governments money.

And for that, decentralization flag holders is gonna have to build some bridges, remember we are not trying to find a single type of tree replacing the old plantation, we are trying to create a jungle, where different economies exist one next to another each defined by different rules and colors that’s the only way we can create a sustainable economy.

Bitcoin (oh my god don’t talk about bitcoin) as the great symbol of decentralization is traded 99% of the time, in a fully centralized system.

Ripple is a decentralized technology that behaves in a fully centralized daily company manner.

EOS just invented democracy all over again (can believe we got back to that)

Decentralization can be formed in many ways and affect different layers of the ecosystem:

Architectural level — the servers are not owned by one person (have you ever checked how many miners ethereum have?)

Logical level — can everyone reach the open ledger, and interact with it?

Governance — which is the hottest subject of the day, as more and more blockchains companies understand that some governance model is needed.

Open source — if I don’t trust the leadership/rules/governance model can I start a parallel system?

There’s a reason governance has become a hot topic of interest — The idealistic view of decentralization is that it aims to keep users and investors safe.

Since 2017 about 1.2B dollar has been stolen in cryptocurrency.

So Bancor chose a specific Governance system built into their token, do you think the model is “too centralized?” I guess if you are not a BNT holder.

The problems have to be solved one at a time, and liquidity, is let’s say — a big one to solve, big enough that expecting a company to also build the perfect governance model around, and make its smart contract a one shout perfect, in a way that oh everybody is happy, is like asking the Teletubbies to build their own blockchain (they actually are doing an ICO stay tuned).

A healthy economy is built on selfish interest, the way I see it our way of judging should be a change from centralized = evil, decentralized = good, to the questions what interest can this tool serve.

And Sherlock before you comment — yes, of course, I’m a big holder of BNT.

Want to help me stay independent?

ETH — 0xcEC3a2C87fa273B48634B9B9B7D42BbecDd0a156