{"id":438856,"date":"2022-04-28T19:15:00","date_gmt":"2022-04-28T16:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-is-not-decentralized-at-all-says-former-blockstream-executive\/"},"modified":"2022-04-28T19:15:00","modified_gmt":"2022-04-28T16:15:00","slug":"defi-is-not-decentralized-at-all-says-former-blockstream-executive","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-is-not-decentralized-at-all-says-former-blockstream-executive\/","title":{"rendered":"# \u201cDeFi is not decentralized at all,\u201d says former Blockstream executive"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27667c0f48c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27667c0f48c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-is-not-decentralized-at-all-says-former-blockstream-executive\/#%E2%80%9D_%E2%80%9CDeFi_is_not_decentralized_at_all%E2%80%9D_says_former_Blockstream_executive_%E2%80%9C\" >&#8221; \u201cDeFi is not decentralized at all,\u201d says former Blockstream executive   &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%9CDeFi_is_not_decentralized_at_all%E2%80%9D_says_former_Blockstream_executive_%E2%80%9C\"><\/span>&#8221; \u201cDeFi is not decentralized at all,\u201d says former Blockstream executive   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNmNlZTY5MDctZjcxZS00ZWNjLTljM2QtMzUwMTFjMmM2MTdlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can\u2019t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization.\u00a0<\/p>\n<p>As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will. <\/p>\n<p>\u201cAt the fundamental level, money should be immutable,\u201d explained Mow. \u201cIf you can change it at will, then you\u2019re no better than a fiat currency governed by the Fed.\u201d <\/p>\n<p>Bitcoin\u2019s decentralization makes it very difficult to modify its protocol, which is why Mow considers it a unique candidate for becoming a truly global monetary system.<\/p>\n<p>Mow pointed out that despite the immutability of Bitcoin\u2019s base layer, developers can still build <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications on the Bitcoin blockchain by working with its layer-2 scalability solutions.\u00a0<\/p>\n<p>In particular, Mow is a strong proponent of the Lightning Network, which allows instantaneous, cheap Bitcoin transactions. By promoting Lightning technologies, Mow is trying to accelerate the path toward hyperbitcoinization \u2014 a situation where people will be exchanging Bitcoin without the need to convert it into fiat currency. <\/p>\n<p>\u201cLightning will displace Visa, Mastercard and everything else,\u201d he stated. \u201cAnd it reduces costs for merchants, which means better experience and savings for consumers.\u201d<\/p>\n<p>Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/RgzznAZlDKg\">full interview<\/a> on our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\">YouTube channel<\/a>, and don\u2019t forget to subscribe! <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/defi-is-not-decentralized-at-all-says-former-blockstream-executive\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; \u201cDeFi is not decentralized at all,\u201d says former Blockstream executive &#8220; Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can\u2019t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization.\u00a0 As Mow pointed out, DeFi&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNmNlZTY5MDctZjcxZS00ZWNjLTljM2QtMzUwMTFjMmM2MTdlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76276,74937,74894,74868,74891,75029,74355,117,90059,87110],"class_list":["post-438856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-payments","tag-bitcoin-price","tag-blockchain","tag-defi","tag-ethereum","tag-lightning-network","tag-adoption","tag-business","tag-el-salvador","tag-lightning"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=438856"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438857"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}