The biggest lie of crypto projects.

Decentralization is the basic nature/concept of crypto existence, but the funny thing is that most crypto projects are not fully decentralized where everyone creates their own terms/rules. So do current crypto projects deserve the word decentralization?

The reality is very clear, many crypto projects today are not truly decentralized.

Here are some of the main reasons crypto projects don't deserve to be called crypto projects that are supposed to be decentralized:

1. Influence of Development Team & Early Investors

Many crypto projects are still controlled by a core team or early investors who own a large portion of tokens, allowing them to influence decisions on the network.

2. Not Fully Open Governance

Despite the concept of DAO (Decentralized Autonomous Organization), in practice, voting in large projects is still influenced by the largest token holders, which are often the core team or venture capital (VC).

3. Networks that Still Depend on Certain Entities

Some blockchains still rely on infrastructure controlled by certain entities, such as nodes owned by a handful of parties or servers managed by certain companies.

4. Developer-Driven Rules

Many projects have mechanisms that allow the core team to change the rules at any time, which goes against the principle of true decentralization. This happens a lot with newer projects.

So, do current crypto projects really deserve the word "decentralized"? In theory, many claim to be, but in practice, most still have a strong element of centralization.

If we want true decentralization, then projects must meet a few key principles:

- Fair distribution of token ownership

- Governance that is truly community-managed

- Infrastructure that is not dependent on a single entity

- No authority that can change the rules at will

Currently, there are very few projects that actually meet these standards. Most are still in the grey zone between decentralization and centralization.

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