Crypto was never about decentralization; It is about Pluralism
The following is a guest post and opinion from John deVadoss, Co-Founder of the InterWork Alliancez.
“Decentralization” is crypto’s all-purpose slogan, yet the word never appears in the 2008 Bitcoin white paper. What Satoshi outlined was narrower and more radical: a peer-to-peer system that swaps institutional trust for publicly auditable cryptographic proof. Trust can be minimized without power being evenly dispersed, and that difference—blurred by evangelists and regulators alike—has derailed the conversation ever since.
When former SEC director William Hinman floated in 2018 that a token might escape securities law once its network became “sufficiently decentralized,” node-counting turned into a compliance ritual and a…
