Crypto has become a religion, and Web2 companies like Facebook have become so reviled, that there is a sizable contingent that believes decentralization is the answer to everything. Many crypto diehards truly believe that a decentralized ledger of record is better in every way for every problem.

The first part isn’t entirely unfair; scams and ponzi schemes are everywhere, and it seems clear that we are in the middle of an ever-inflating bubble. It’s also the case that an entire set of legitimate use cases are in reality regulatory arbitrage; crypto advocates are far too quick to ascribe all of the issues with the current monetary system to... See more

Crypto & NFT architecture is at risk of centralization from:- myopic stakeholders (gov't, big tech)- terrifyingly bad UI for mass self-custody (scam vulnerability)