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/biz/ - Business & Finance

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17749352 No.17749352 [Reply] [Original]

Serious question: why is it called DECENTRALIZED finance if some fuckin boomer can just shut it down at will?

Article related.

https://cointelegraph.com/news/defi-giant-makerdao-avoiding-shutdown-in-the-face-of-tanking-eth-for-now

>> No.17749370

why is it called decentralized finance if everything is tied to btc

>> No.17749806

>>17749370
also a good question. Boomers BTFOd 2x

>> No.17749831
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17749831

>>17749352

Read the fucking article you brainlet.

A shutdown of the protocol would be a decision proposed by the MKR holders who actually participate in governsnce something you probably don't know jack shit about back you have a IQ lower than a fucking nigger

>> No.17749899

>>17749352
>>17749370
Why is it called decentralized finance if you can't even get it without going through centralized gatekeepers who all require kyc

>> No.17750160

>>17749831
oh yes, let's allow everyone to have a say in shutting down a protocol, like, pure genius. What's next, let the hobos decide whether to keep the CME open?

(Also, thanks for the brainlet pic, it was missing in my collection <3)

>> No.17750563

>>17749370
Why is BTC considered decentralized when its price is tied to the stock market?

>> No.17750790

>>17749831
it's not decentralized governance if it's one person with a supermajority vote turnout
actually it's not decentralized if there is governance at all, but that is a story for another time