/biz/ - Business & Finance

>>49824234
At the moment, ICP is by far the most centralized major blockchain in existence, with the two Dfinity neurons controlling over 95% of voting either directly through their stakes or through neurons that are highly incentivized to follow them.They say it will gradually become decentralized, but I don't see how. Over 90% of the proposals are matters of simple administration, like paying node providers. Which alternate neuron is going to have the bandwidth to go through all those proposals, specially considering they will only increase in number as the network grows?The Dfinity team and Dominic Williams talk a good game about decentralization, but I am yet to see any clear roadmap to lessening the stranglehold of the centre, only vague assertions about the process happening naturally in the future. The reason I am sceptical is that Dominic Williams keeps saying that ICP is decentralized right now, which suggests he has a very different understanding of the term than most people in crypto, myself included.AS an example of what I mean, here is a response by a team member on the thread MrBluoe linked, to a question about decentralization: "furthermore why do you think it is centralised? Anybody who wants can buy some some ICP and participate in voting on proposals in its governance system." Sure, anyone can do that, but is anyone seriously going to spend all day poring over admin minutiae and voting accordingly? Given that they earn more by voting more, they are going to want to vote as much as possible, and the only practical way of doing that is to hand over one's voting rights to Dfinity.

>>49659755
ICP

Already dead. Will go to 3 cent next week