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.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.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.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?
Submitted April 03, 2021 at 08:17AM
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