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Blockchain only offers benefits if there is zero centralised control.
Ah OK, so in this comment:
I'll be as blunt as I possibly can be. I don't believe that blockchain tech is capable of supporting a true decentralised DeFi service that has minimnal risk of failure. Not without operating as a centralised bank to some extent.
You weren't saying you think they should have centralised control, like Celsius, Nexo, BlockFi but that you just don't think decentralisation is possible?
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Enjoy this absolute shitshow, if you read some of the screenshots in the first few comments it should show the issue and how they are resolving it
https://twitter.com/cobie/status/1538529982804287488
greentricky
@Stonehedge
I'm very much a crypto purist. Blockchain only offers benefits if there is zero centralised control. I wouldn't expect any project that is not 100% decentralised to survive long term.
Blockchain was billed as the beginning of the end of banks. Instead, the major Defi projects have become banks themselves.