*Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*
SBF, Band CTO, CZ, and probably Justin Sun:
“Let’s collude to destroy it and make a centralized version so we make more money hehehe”
SBF fanboys: “he’s such a genius <3”
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....what makes sushiswap more centralized than uniswap???
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To be clear, Uniswap governance is a single company, and Sushiswap governance is a vote of all token holders, implemented by a multisig address with 9 different entities as gaurdians.
....seems hard to call Uniswap the less centralized of those?
Uniswap v1 and v2 have no governance, they're fully autonomous, except main frontend.
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To be clear, I don't agree with the original tweet sentiment.
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All token holders ? Yea, like my 900 sushi votes are gonna make any difference
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“Centralization” is a red herring — governance of DeFi building blocks like Uniswap is bad, not good.
Good—trust-minimized (as Uniswap is today, IMO)
Ok—decentralized gov w limitations
Bad—decentralized gov w no limitations (as Sushi is today)
V Bad—centralized gov w no limits
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1/ All you folks out there talking about how valuable "governance" is have lost the plot.
TL;DR:
1. Generalized governance over DeFi building blocks is BAD.
2. Trust-minimization is GOOD
3. DeFiers should strive for trust-minimization, not community governance
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hopefully you can show up and put this matter to bed properly; what a show lmao
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Uniswap does not have centralized governance, the contracts have no admin, unlike Sushi with its multisig and governance token controlled by mostly friends of the show with a few independent actors sprinkled in for the appearance of legitimacy like Larry and Richard.
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