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The new ‘decentralization theater’: Crypto projects are still controlled by the few | Opinion

Crypto has always promised something radical: shared ownership, collective decision-making, and communities empowered by technology.

programmable governance, the narrative of decentralization has inspired millions to participate in reshaping the future of finance and culture. And yet, in 2025, the reality might feel more like a performance than a transformation.

Today’s most celebrated web3 platforms still rely on decision-making models that look surprisingly centralized. The teams that launch “community-owned” protocols often retain control long after the initial fanfare fades. Token voting systems give outsized power to wealthy insiders. And communities (the very people meant to govern, guide, and grow these ecosystems) are increasingly sidelined…

The result is a growing disillusionment across crypto circles: Has decentralization become just another buzzword?#BinanceHODLerLA #Write2Earn! #SECETFApproval #TrumpTariffs $BTC