What is something that almost nobody knows about Blockchain?

Are blockchains really decentralized?

Here are 12 things about blockchain and crypto that almost no one knows about.

1. 70% of blockchains are extremely centralized and scam their investors by talking about decentralization, freedom and other lovey-dovey buzzwords while they stab you in the back with not giving a damn about decentralization. Even the father of the all (Bitcoin as in Blockchain 1.0 is centralized by the miners’ hash power and whales)
2. Most new coins coming out with market caps in the billions grab investor money by saying they have such high scalability, however, nobody notices that they are all at the heavy cost of decentralization and thus useless (EOS, NEO, Ripple, Stellar, Dash, Tron are all extremely centralized).
3. CEOs and CTOs of multi-billion dollar cryptocurrency companies don’t know what decentralization is and they actually believe their blockchains are decentralized even though they aren’t decentralized at all. Their investors also believe them, because they have no idea how to judge the technology.
4. The only blockchains that are actually decentralized AND scalable aren’t even blockchains anymore (Holochain, Nano, IOTA), so the concept of a blockchain will most likely become completely obsolete in the future.
5. Of the 902 cryptocurrency ICOs formed in 2017, 142 failed before raising any funds, and 276 failed after fundraising.
6. Another 113 ICOs fall under the “semi-failed” category, either because the respective startup ceased communicating on social media, or the community dwindled to the point where it has virtually no chance of success. Toss those figures into the pile and the failure rate rises to 59 percent Those figures combined work out to a 46 percent failure rate, despite raising over $104 million. Cryptocurrency ICOs have a spectacularly high failure rate.
7. Only 50 out of 902 ICOs in 2017 made a 5x return or more. News, data and analytics for all ICO’s and tokens.
8. 800 out of 1,600 coins or tokens are already dead Dead Coins.
9. 7 out of the top 10 coins will probably die this year, but they still mislead their investors that they are a great coin. Of the top 10 crypto coins by market cap, which do you believe is most likely to fail, and why?
10. The blockchain market is almost entirely controlled by whales. They own 40% of all Bitcoins, totalling $70B. They can increase the market cap of Bitcoin from $100B to $1T in a heartbeat if they wanted to. However, they wait for natural market cycles and then pump those.
11. It’s extremely difficult to detect flawed consensus algorithms and centralization issues such as in EOS, NEO, Ripple, Stellar, Dash, Tron are all extremely centralized. A person without a deep background in computer science and a deep background in business, lots of training to remove personal biases, has almost no chance in detecting coins that scam investors.
12. Crypto is riddled with tribalism. The worst is the r/Bitcoin subreddit. Any criticism is censored and users who point out flaws of Bitcoin are shamed and banned. r/btc is similar and many other subreddits are.

The above mentioned thoughts are inspired by Marius Kramer from Quora.

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