Decentralization Is a Myth
it’s simply not possible, or at least not plausible.
One of the most touted selling points of Crypto has always been this grandiose idea of decentralization. Bitcoin first arose in 2009 after the housing crisis and subsequent crash that came with it. Bitcoin aimed to solve this supposed issue of centralization. Nobody ‘owns’ Bitcoin in theory, so the idea then goes that it won’t be subject to the same downfalls that led to the 2008 crash or similarly speculative events that led to the 2008 disaster. The issue, many say, is the banks not the human nature associated with the greedy individuals running them.
Subsequent blockchains have attempted to fix many of the issues of Bitcoin by increasing capacity, decreasing the costs and processing times associated with Bitcoin, and expanding what can be done with their blockchains. Since nobody owns Bitcoin, it hasn’t really been able to be expanded on. You have people like Vitalk Buterin, however, that actively work on Ethereum though.
The leap from Bitcoin to Ethereum was a massive leap towards centralization, and the trend has only gotten worse. In fact, crypto has since become almost exclusively centralized in recent years, and so much so that it’s nearly reliant on centralization.
