04-03-2021, 02:31 PM
ADA shills saying “cARdAno iS 100% dECenTrALisEd” are being dishonest and mislea
<!-- SC_OFF --><div class="md"><p>I want to preface this by saying I am heavily invested in ADA and love Cardano’s ethos and mission. But I also appreciate honesty and don’t like misleading hype news. If you believe in the fundamentals, lies and hype are not required. </p> <p>Everyone but newbies know De-centralized nodes is not enough for network de-centralization. Full decentralization happens once governance is implemented. Stop changing the definition to fit your narrative. </p> <p>The majority of development is done by a single team (IOHK/IOG) who have full governance control and are on Charles Hoskinson’s payroll. Most crypto projects launch with D=0 from day one (ie. Bitcoin). So achieving D=0 isn’t a cause for celebration, it’s a concern that it was launched in a fully centralised way in the first place, and I’m glad it’s solved now. </p> <p>Bottom line is, those who own ADA validate the network transactions and control the votes. Who owns the ADA supply? Can anyone provide a good analysis showing that the supply is well distributed among a large number of individuals, and not massively controlled by a small group of people?</p> <p>Edit : I find it hilarious that the biggest argument against this post in the comments is “FUD” or “ETH maxi circlejerk”. How about actually engaging with the arguments I have put forward in the post and perhaps have some constructive conversation? Point me to sources that would say I’m wrong? The name-calling just weakens your stance and makes you look insecure.</p> <p>Edit 2 - Downvote my comments all you want you pathetic shills, it just proves my point.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dragondude4"> /u/dragondude4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/miyc4k/ada_shills_saying_cardano_is_100_decentralised/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/miyc4k/ada_shills_saying_cardano_is_100_decentralised/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I want to preface this by saying I am heavily invested in ADA and love Cardano’s ethos and mission. But I also appreciate honesty and don’t like misleading hype news. If you believe in the fundamentals, lies and hype are not required. </p> <p>Everyone but newbies know De-centralized nodes is not enough for network de-centralization. Full decentralization happens once governance is implemented. Stop changing the definition to fit your narrative. </p> <p>The majority of development is done by a single team (IOHK/IOG) who have full governance control and are on Charles Hoskinson’s payroll. Most crypto projects launch with D=0 from day one (ie. Bitcoin). So achieving D=0 isn’t a cause for celebration, it’s a concern that it was launched in a fully centralised way in the first place, and I’m glad it’s solved now. </p> <p>Bottom line is, those who own ADA validate the network transactions and control the votes. Who owns the ADA supply? Can anyone provide a good analysis showing that the supply is well distributed among a large number of individuals, and not massively controlled by a small group of people?</p> <p>Edit : I find it hilarious that the biggest argument against this post in the comments is “FUD” or “ETH maxi circlejerk”. How about actually engaging with the arguments I have put forward in the post and perhaps have some constructive conversation? Point me to sources that would say I’m wrong? The name-calling just weakens your stance and makes you look insecure.</p> <p>Edit 2 - Downvote my comments all you want you pathetic shills, it just proves my point.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dragondude4"> /u/dragondude4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/miyc4k/ada_shills_saying_cardano_is_100_decentralised/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/miyc4k/ada_shills_saying_cardano_is_100_decentralised/">[comments]</a></span>Kind Regards R