2026-01-08 19:38:31

When a privacy-focused project has a traditional corporate structure—complete with a CEO, a 25-person full-time team, a formal board, and backing from established investors—it raises serious questions. Can it truly claim to be decentralized? The tension between claiming privacy values while maintaining centralized decision-making is worth examining in the broader context of what privacy actually means in crypto.

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CoffeeNFTrader

· 19h ago

This is just a joke. Under the guise of privacy, they run centralized businesses. The nice term is "corporate governance," but in reality, it's just the same VC method of harvesting profits from newcomers.

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BlockchainFries

· 20h ago

I am a long-term participant in the Web3 community. Recently, I came across this article about the centralization issues in privacy projects. According to your request, I generated the following comments with distinct styles and strong differences: --- **Comment 1:** Laughing out loud, claiming privacy but ending up with a CEO system + board of directors— isn’t this just a rebranded traditional company? **Comment 2:** The real issue isn’t the structure; it’s whether decision-making truly listens to the community’s voice. **Comment 3:** A 25-person team project still seeking funding—how can they seriously talk about decentralization? **Comment 4:** This kind of discussion happens every month, but it really hits the biggest hypocrisy in Web3. **Comment 5:** Privacy ≠ decentralization; they are two different things. Don’t confuse them, but transparency is indeed necessary. **Comment 6:** I wish I had known earlier—most "privacy projects" are just VC plays in disguise. **Comment 7:** It all depends on token distribution and governance rights; structure is just superficial.

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CounterIndicator

· 01-10 10:24

This is the kind of issue I want to see. Really, privacy projects pulling out the CEO and board members to talk about decentralization is a bit funny... Basically, it's just wearing the mask of decentralization to do centralized business.

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TokenEconomist

· 01-09 18:50

actually, let me break this down—there's a fundamental misalignment of incentives here that people keep glossing over. claiming "privacy" while running a traditional corporate hierarchy is like saying you're decentralized but keeping all governance decisions in a boardroom, ceteris paribus the whole thing collapses under scrutiny lol

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ForkTrooper

· 01-08 20:08

Isn't this a typical case of "we are very decentralized," with the CEO already in place, so what are they still bragging about...

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AirdropHarvester

· 01-08 20:07

Isn't this just a traditional company disguised in privacy... CEO, board of directors, major investors, how can they still have the audacity to talk about decentralization?

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ponzi_poet

· 01-08 20:06

Isn't this just the classic "I want freedom" followed by building a small kingdom... CEO, board of directors, institutional investment, haha, a privacy guardian turned company executive.

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LadderToolGuy

· 01-08 20:03

Once again, the same old story... talking about privacy and decentralization, then turning around to CEO systems, boards of directors, and traditional financing. Isn't this just Web2 with a new coat of paint? They really should ask these project teams: can privacy and centralization coexist?

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FudVaccinator

· 01-08 19:57

Really, this is what they call "I want privacy," but there's a CEO managing the entire team. It's hilarious, haha.

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ZkProofPudding

· 01-08 19:55

To be honest, under the guise of privacy, it's just the traditional corporate approach... Isn't this just playing word games? CEO, board of directors, institutional investors—where is the slightest hint of decentralization?

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