Opinion: Dr. K, co -founder of Quai Network
While Bitcoin was to enable people to resign from monetary systems oriented on the state, since then the blockchain industry has lost. Today we see the threat of a government approach along with blockchain solutions that prioritize scalability and performance in relation to decentralization.
The escalate in networks such as Ethereum and Solana was certainly captivating, but these blocks contain basic values in exchange for utility and adoption of the institution. To achieve a mission that SATOSHI started, there is a tragic need to return to the original ethos of Bitcoin, which is credibly neutral, unchanging money that cannot be manipulated.
Invariability is a king
With a constant supply of 21 million coins and regular events by half, Bitcoin emanates monetary certainty. No central authority or discovery can change the supply of bitcoin. This positions Bitcoin as an extremely predictable value warehouse against the background of printing money and raging inflation, distinguishing from other forms of currency. In addition, Bitcoin rules are extremely arduous to change, which builds long -term trust in the network.
Flexibility and performance, but at what cost?
Key players of layer 1 (L1), such as Ethereum and Solana, offer unparalleled flexibility and performance, but with a disturbing compromise. Ethereum management conducted updates This affects the gas and prizes not always satisfied people with Eth Holdings. In addition, Solana priority treats speed and performance above all, which exposes her to increased levels of centralization. As a result of L1 network compromises, such as Ethereum and Solana, they are seriously weakened in the face of censorship and manipulation, whether from governments, regulatory bodies or powerful corporate interests.
From March 2024, Coinbaza controlled 3.84 million ETH erected on 120,000 validative, which is 11.42% of the total ether stop and is the largest operator of the Ethereum Ethereum nodes. This concentration is problems with centralization, because a handful of gigantic players, such as Coinbase, can threaten decentralization and triggering Ethereum control risk. In addition, he takes control from the unit and puts it back into the hands of a gigantic, centralized corporation – the total opposite of the original vision of cryptocurrency.
The role of increased risk capital in Crypto
The cryptographic industry began as a rebellion against Massive Tech and the guard in the Silicon Valley, where only accredited investors could support the startups and benefit from profits at an early stage. Krypto reversed this paradigm on his head. For the first time ordinary people, not VC or outside people, can participate in creating novel technologies from the first day. But now that the industry had some time to mature, Venture Capital confirmed itself, spending a crypto in a way that appeals to the systems themselves, which he tried to disrupt.
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While Venture Capital accelerates innovation, it also centralizes control through distribution of tokens, places on board and control over product plans. Solana is one of the leading blockchains that have received many investments from companies such as A16Z and POLYCHAIN CAPITAL. This investment fueled rapid growth, but also created the centralization of tokens and decision -making rights among a handful of investors.
The most critical cryptographic projects, such as Ethereum and Solana – whether it is cynical in relation to the aged system or not – are ultimately built to serve institutions in their current state. Founding groups close a gigantic preliminary face, give positively tilted conditions to early investors, and encouragement to final exits, not long -term decentralization. These behaviors again introduce many similar power dynamics that Bitcoin tried to eliminate.
Decentralization is not optional
Decentralization is the essence of censorship resistance as well as individual economic freedom. Bitcoin’s resistance to changes protects him from kidnapping through powerful interests. Networks that perceive decentralization as a compromise risk subject to control of the novel guard class. To maintain the promise of cryptography, decentralization must remain the highest priority.
The Bitcoins force is in its neutrality and unchanging, not programmability or speed.
The cryptographic ecosystem must return to these values to avoid repeating the errors of the established financial system. Instead of trends or institutional approval, industry must recommend developing instruments for absolute financial independence. Return to the original vision of Bitcoin is the only way to separate the currency from the state and regain control of money through without trust, resistant to system censorship.
Opinion: Dr. K, co -founder of Quai Network.
This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.
