This level of disappointment? Honestly hard to put into words.



Think about it — you lock down your files, secure your conversations, even encrypt those random dog pics on your phone. So why shouldn't protecting your money work the same way?

The whole point of this space was supposed to be internet-native money that no single government controls. Yet here we are, watching things drift in completely the wrong direction. Makes you wonder what happened to the original vision.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
LiquidityWitchvip
· 19h ago
the alchemy was supposed to transmute everything, not just our portfolios... now we're just watching the ritual fail live smh
Reply0
GigaBrainAnonvip
· 12-06 00:57
NGL, this is exactly why I'm still HODLing. Anyway, the centralized path just doesn't work.
View OriginalReply0
OPsychologyvip
· 12-05 17:59
What happened to decentralization? Now, how is this any different from a central bank?
View OriginalReply0
ForumLurkervip
· 12-05 17:53
The original vision is long gone; now it's just a new battleground for capital harvesting.
View OriginalReply0
MetaEggplantvip
· 12-05 17:44
What happened to decentralization? Now it feels more and more like traditional finance.
View OriginalReply0
ProbablyNothingvip
· 12-05 17:42
ngl this is exactly why I quit the scene a long time ago... all the original ideals are gone.
View OriginalReply0
DegenApeSurfervip
· 12-05 17:41
NGL, this is exactly why I still don't trust this space. What happened to decentralization?
View OriginalReply0
DaoResearchervip
· 12-05 17:36
According to the discussion in Section 2.3 of the whitepaper, the downfall of this governance mechanism was foreshadowed from the very beginning. That being said, why is the privacy protection of cryptocurrencies actually inferior to the encryption level of dog photos on your phone? This question deserves deep investigation. Quoting Vitalik's view, the original vision was hijacked by capital; now, looking at the on-chain voting data... forget it, it's just too ironic. From a tokenomics perspective, this assumption has already collapsed—the dream died just like that. Control has become centralized again; the data doesn't lie.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)