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decentralizationtruth
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FAIRY TALES FOR THE NAIVE: WHY 99% OF 'DECENTRALIZED' PROJECTS ARE CONTROLLED BY TWO PEOPLE 🏛️🦊
We all love crypto for its decentralization and freedom. We're told about DAOs (Decentralized Autonomous Organizations), where every token holder can influence the project's fate through voting. But let’s take off the rose-colored glasses.
• How DAOs really work: Check the tokenomics of any project. The top 5 wallets, owned by founders and venture funds, hold between 60% and 80% of all issued governance tokens.
• The reality: Any 'democratic' voting in crypto is a farce. Major funds will always vote in a way that benefits their wallets, even if it completely destroys the project's long-term prospects. You’re not a co-owner here; you’re just a sponsor.
👇 Open the widget of any DeFi coin. Do you believe in crypto-anarchy or do you understand the rules of big business?
#DAO #DeFi #DecentralizationTruth #CryptoFREEMEN
We all love crypto for its decentralization and freedom. We're told about DAOs (Decentralized Autonomous Organizations), where every token holder can influence the project's fate through voting. But let’s take off the rose-colored glasses.
• How DAOs really work: Check the tokenomics of any project. The top 5 wallets, owned by founders and venture funds, hold between 60% and 80% of all issued governance tokens.
• The reality: Any 'democratic' voting in crypto is a farce. Major funds will always vote in a way that benefits their wallets, even if it completely destroys the project's long-term prospects. You’re not a co-owner here; you’re just a sponsor.
👇 Open the widget of any DeFi coin. Do you believe in crypto-anarchy or do you understand the rules of big business?
#DAO #DeFi #DecentralizationTruth #CryptoFREEMEN
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