What should we call obviously NOT DECENTRALIZED platforms like 1inch?
1INCH is now geofencing out US customers, likely because they’re scared of regulation.Who voted on this? No one.Why is 1INCH scared of regulation? Because they’re not actually decentralized, like most projects in “DeFi.”Can we make a new name for these NOT DECENTRALIZED protocols? I refuse to call them DEXs anymore if they’re going to lick the boots of regulators when decentralization should equate to censorship resistance (unless of course…you’re not actually decentralized).
Ingrandisci immagine - Repost: What should we call obviously NOT DECENTRALIZED platforms like 1inch? (from Reddit.com)
1INCH is now geofencing out US customers, likely because they’re scared of regulation.Who voted on this? No one.Why is 1INCH scared of regulation? Because they’re not actually decentralized, like most projects in “DeFi.”Can we make a new name for these NOT DECENTRALIZED protocols? I refuse to call them DEXs anymore if they’re going to lick the boots of regulators when decentralization should equate to censorship resistance (unless of course…you’re not actually decentralized).
Ingrandisci immagine - Repost: What should we call obviously NOT DECENTRALIZED platforms like 1inch? (from Reddit.com)
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