Some of the least tech-intelligent people on this app spent all day yesterday telling you that Sui freezing $160m of the stolen/exploited $223m is bearish and that “decentralization is a myth”

Do yourself a favor and mute these people. You guys would genuinely prefer a hacker to just get an extra $160m? Absolute lukewarm carrot IQ take.

Decentralization is a sliding scale. Outside of Bitcoin, Ethereum, and a few other edge cases, most of the modern/high performant L1s and scaling architectures are *not* particularly decentralized….and that’s ok.

Just because something isn’t extremely decentralized doesn’t mean it has no value. It just means it serves a different purpose than unstoppable, permissionless value storage and transfer.

By my hand the LARPing engagement farmer morons who bafflingly have 6 figure audiences will fall