I’m tired of people acting like Centralization is okay. You make money off it in the short term, but centralization will never last. It defeats the entire purpose of crypto.

Over the past few months I’ve noticed a trend on this sub where lots of people seem to think that centralized blockchains are fine. I saw this with SOL quite a bit. The reality is that centralized crypto is horrible and it defeats the entire reason why crypto is so great.

Centralized crypto is somewhere between decentralized crypto and the traditional system, but it is the worst of both worlds. Centralized crypto is not immutable (transactions can be reversed, look at ETC), it’s not trustless and it’s not censorship resistant which are the most important benefits of a decentralized blockchain.

A centralized blockchain defeats the entire benefit of blockchain itself, which is decentralization. There is no point in using a centralized blockchain, a SQL server would work a lot better. I fully expect to be downvoted and have people in the comments attacking me for this, but the reality is that centralization is horrible and should never be justified.

You may make some money on a centralized coin, which is great! All the more power to you. But don’t pretend that it’s okay for the long term. Centralization is antithetical to all the crypto stands for.