“DeFi is not decentralized at all,” says former Blockstream executive

2022.04.28 21:06

“DeFi is not decentralized at all,” says former Blockstream executive

Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization.

As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will.

Source