Re:Solana Labs completes a $314M private token sale led by A...
by nootropicat on Monday June 14, 2021 @08:21AM
(#27501719)
Decentralization needs two properties at once:
- ability for the system to run entirely in people's home. Anything that requires datacenters can be easily regulated.
- distributed holdings with no entity holding more than few percent at most.
Solana fails on both, most egregiously on the latter. Only 4.3% of coins were even offered in a public sale. The idea that defi can run on a chain controlled entirely by few VCs is ridiculous. Even Libra would be preferable with their Swiss based Libra Association.
- ability for the system to run entirely in people's home. Anything that requires datacenters can be easily regulated.
- distributed holdings with no entity holding more than few percent at most.
Solana fails on both, most egregiously on the latter. Only 4.3% of coins were even offered in a public sale. The idea that defi can run on a chain controlled entirely by few VCs is ridiculous. Even Libra would be preferable with their Swiss based Libra Association.
https://icodrops.com/wp-content/uploads/2018/04/Solano-token...