# Blockchain Decentralisation Myth

**URL:** <https://discuss.88.io/t/blockchain-decentralisation-myth/288>\
**Category:** Own AI\
**Tags:** blockchain\
**Created:** [August 17, 2021, 2:00pm UTC](https://discuss.88.io/t/blockchain-decentralisation-myth/288 "2021-08-17T14:00:00Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![admin](https://discuss.88.io/user_avatar/discuss.88.io/admin/32/38_2.png) [@admin](https://discuss.88.io/u/admin)\
**Post date:** [August 17, 2021, 2:00pm UTC](https://discuss.88.io/t/blockchain-decentralisation-myth/288/1 "2021-08-17T14:00:00Z")

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# Big Con

> **[Blockchain isn't about democracy and decentralisation – it's about greed |...](https://www.theguardian.com/technology/2018/oct/15/blockchain-democracy-decentralisation-bitcoin-price-cryptocurrencies)**
>
> Cryptocurrencies such as bitcoin result in the concentration of wealth, not greater equality

[https://medium.com/engineering-ideas/blockchain-is-not-decentralised-e098ce4f2a45](https://medium.com/engineering-ideas/blockchain-is-not-decentralised-e098ce4f2a45)

> **[Blockchain is Not Trustless or Decentralized | HackerNoon](https://hackernoon.com/blockchain-is-not-trustless-or-decentralized-nj8i46ji)**
>
> If you ask the average person in the blockchain industry what the benefits of blockchain are, they'll probably mention trustlessness and decentralization.

[https://medium.com/hackernoon/guess-what-bitcoin-isnt-decentralized-ecab67de653d](https://medium.com/hackernoon/guess-what-bitcoin-isnt-decentralized-ecab67de653d)

[https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec](https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec)

> **[Cornell Researchers: Bitcoin Not as Decentralized as Assumed](https://news.bitcoin.com/cornell-researchers-bitcoin-not-as-decentralized-as-assumed/)**
>
> Cornell University released a two year study on decentralization within the networks of Bitcoin and Ethereum. BTC isn't as decentralized as previously held.

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<div class="post-metadata">

**Author:** ![admin](https://discuss.88.io/user_avatar/discuss.88.io/admin/32/38_2.png) [@admin](https://discuss.88.io/u/admin)\
**Post date:** [November 2, 2025, 11:39pm UTC](https://discuss.88.io/t/blockchain-decentralisation-myth/288/2 "2025-11-02T23:39:43Z")

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> **[Ethereum’s Centralized Scam: PoS Turned It Into Visa 2.0 — Devs and Stakers...](https://medium.com/@mzain10/ethereums-centralized-scam-pos-turned-it-into-visa-2-0-devs-and-stakers-run-the-show-eb4668f334e1)**
>
> I’ve been staking Ethereum since the Beacon Chain launched in 2020, locking up a decent chunk that earned me steady yields through the…