BIS: DeFi could shape the future of finance, but it’s too complex
In a new working paper, the Bank for International Settlements took a deep dive into the technical side of DeFi, looking at functionality and risks; BIS is still dismissive of DeFi.
Latest decentralization News
You’ll own everything, and you will be happy
Instead of competing for an exclusive network effect, interoperability creates a unique environment where developers and clients from all walks of life compete to provide the best user experience.
The struggle for the true Bitcoin: BTC, BCH or BSV
Marquez Comelab gives an in-depth discussion on how two clashing groups led to the split of Bitcoin and the importance of building a stable protocol in achieving scalability.
Smoke & miners: Myth of BTC network ‘decentralization’ exposed
The next 'halving' of the BTC block reward, expected to take place in mid-2024, would further reduce margins and squeeze out smaller miners struggling to make a profit from their existing operations.
Paxful boots ‘not decentralized’ Ethereum because integrity trumps revenue
Paxful CEO Ray Youssef announces Ethereum's banishment from the digital asset trading platform, noting that the system's tokens were nothing but scams that have robbed billions of people.
Prof. Hilary Allen bursts BTC’s ‘decentralization’ bubble
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
The law is coming for DAOs
DAOs are not decentralized as they claimed to be, according to Bitcoin Association’s Marcin Zarakowski, who noted that these entities are connected to those deploying them or benefitting from them.
The new Internet and blockchain
Bitcoin proves its usefulness through a unique combination of two seemingly contradictory properties—physicality and digitality—and works better with the IPv6, making integrating IoD and IoV possible.
The mask of decentralization slips again as Binance suspended BNB Chain
Not all blockchains are decentralized as they ought to be, with the recent suspension of Binance's BNB Chain as proof, posing risks among enterprises building on this technology in hopes of change.
Bitcoin Recovery: Yes, it can be done—and legally too
Stolen bitcoins have always been recoverable through a legal process, and the retrieval of such assets was only hindered by blockers who refused to enforce the rules.
Directly from one party to another…
You do not make a transaction directly by sending it through multiple hops; once you send a payment to a node, someone else collects from the node.
CFTC sues Ooki DAO founders: The myth of decentralization is coming unglued
Decentralization does not equate to having legal immunity, as seen in the suit faced by Ooki DAO, who's being pursued by CFTC for allegedly engaging in activities without proper registration.