2026-01-04 01:25:55

I recently came across an in-depth analysis of the power structure within the crypto ecosystem, which triggered some reflections. The core argument is quite sobering: many people in the current crypto space are too absorbed in K-line fluctuations, forgetting the fundamental original purpose of this industry.

Getting back to the essence, the problem is actually quite clear. Repeated collapses in traditional financial systems are fundamentally due to decision-making power and infrastructure being monopolized by a few institutions—when issues arise, ordinary participants have no means to fight back. The crypto ecosystem we see today, although claiming to be decentralized, is also fraught with similar risks beneath the surface. Many projects tout decentralized governance, but in practice, the core teams still hold absolute decision-making power; some leading ecosystems establish new "gatekeepers" through traffic and influence.

This trend toward centralization inevitably breeds systemic risks in the long run. The solution is not mysterious—it's about true technological dissemination and power decentralization. Dispersing control, infrastructure, and decision-making mechanisms so that no single entity can monopolize the entire network. This is the real value of blockchain technology.

To be honest, many people treat crypto assets purely as investment products, which is a limited perspective. Their core is a resilient coordination system—using decentralization mechanisms to enable the network to operate stably in highly uncertain environments. The reason Ethereum's ecosystem continues to evolve is precisely due to this open, scalable architecture design.

Future competition won't be about whose coin appreciates faster, but about whose ecosystem truly achieves power decentralization, open-source technology, and transparent mechanisms. That is the direction worth observing.

ETH-1,42%

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GasFeeWhisperer

· 01-06 22:16

It's the same old story again... Sounds nice, but isn't it just the big whales cutting the leeks? Really? I haven't seen a truly decentralized project yet; they're all just rebranding to continue centralization. That's true, but the reality is that everyone is watching the coin price, and no one really cares about distributing power. Ethereum is still controlled by those few whale players; stop fooling yourself. Distributing power sounds good, but in practice, it has long become a new oligarchic rule.

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ExpectationFarmer

· 01-04 10:48

Ha, speaking nicely, but isn't everyone just playing power games You're really outspoken, but reality is much more heartbreaking It's all about ideals again, but the price of the coin is the real truth We've been saying this for years, but the ecosystem remains the same Gatekeepers keep changing, but the essence hasn't changed

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Degentleman

· 01-04 10:15

I quite agree with this point; indeed, too many people only focus on price ups and downs, forgetting what blockchain was originally meant to solve. But honestly, the current crypto ecosystem is still far from true decentralization. --- Another bunch of influencers talking about decentralizing power, but then they turn around and manipulate the narrative on Twitter. Isn’t that ironic? --- It sounds good, but smashing the power structure is easier said than done; interest groups won't just obediently submit. --- Ethereum is indeed open, but the problem is that large holders and mining groups can still influence the direction, which is no different from centralization in essence. --- I just want to know what truly counts as decentralization? Can an ordinary retail investor like me also have a say? --- A rising token price is the real strength; everything else is just empty talk. But the decentralization of power you mentioned is indeed something worth watching in the long term. --- That’s why I prefer some of the new generation L1 projects; at least they don’t carry as many historical burdens in their architecture design. --- Wake up, everyone. The current DAO governance isn’t really controlled by whales; true decentralization of power will always be in the next project.

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BoredStaker

· 01-04 01:56

You're right, but there are only a few projects actually doing this now; most are just putting lipstick on a pig. This sounds sophisticated, but people aren't buying based on the K-line; don't fool yourselves. Decentralized power sounds great, but the question is who will execute it? Someone has to make the decisions. Honestly, decentralization has ultimately become a marketing slogan. Even Vitalik can't truly control Ethereum, let alone those small projects. Forget it, it's more practical to focus on the fundamentals of the project. Philosophical discussions won't change the market.

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RektDetective

· 01-04 01:55

It sounds good, but after looking around, it's still the big players and funds steering the ship. Wait, isn't this logic backwards? They say decentralization, but the result is more centralized? It sounds ideal, but in reality, who is really dismantling power? Talking about idealism again; the market never cares about morality.

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DoomCanister

· 01-04 01:52

It's a valid point, but the reality is that most people don't care about these issues at all. They're all focused on price fluctuations; who would be thinking about decentralization? --- Same old theory, I'm tired of hearing it. The problem is, how do we break the deadlock? Just talking about it isn't enough. --- Is Ethereum really open? Now the leading projects in the ecosystem hold the power of discourse... haha. --- That's right, decentralization has become a pretense. It's high time to wake up. --- Resilience sounds sophisticated, but I just want to know when I can make money. --- The core issue is that there's no real incentive for people to abandon centralization. It's too idealistic. --- This article hits the nail on the head. Why does it feel like the crypto world is still repeating the old tricks of traditional finance? --- Talking about power decomposition is easy; actually implementing it? Major foundations all want to be the big boss. --- It makes sense, but right now, the whole ecosystem still depends on who raises more funds and who has more influence. --- Transparency ≠ decentralization. Many projects just make the ledger public, but the power is still in their hands.

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RatioHunter

· 01-04 01:43

It's the same old theory, looks very sophisticated, but the actual problem is extremely poor execution. True decentralization died long ago; now it's all slogans and retail investors. No matter how beautifully it's said, it can't change the fact that influencers are cutting the leeks. Decentralized power? Laughable, it's more centralized now, okay? This is the ultimate irony of Web3—recreating the wheel under the banner of anti-monopoly. The words sound nice, but the coins still depend on the K-line; who doesn't want to make money? It all depends on who dares to truly relinquish power; there are very few who can do it.

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RooftopVIP

· 01-04 01:36

Honestly, right now too many people only focus on ups and downs, and haven't thought about why this system needs to exist. Another project claiming to be decentralized, but at its core, it's still just a few people calling the shots, laughable. Distributing power sounds good in theory, but who is really doing it? It's all just a pie. Ethereum's open architecture is good, but new gatekeepers are starting to appear in the ecosystem. Who can say it’s completely avoided? The "original intention" of the crypto world? Bro, I've seen through it long ago. It's just a different way to cut leeks. But on the other hand, it's better than pure gamblers that some people are still thinking about these things.

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