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RE: Are Decentralized Protocols Like Thorchain Responsible to Stop Hackers?

in LeoFinancelast year

It makes me think that ThorChain is a lot more centralized than advertised considering they freeze the chain all the time and often cave to pressure like this. The FTX hacker was going to find a route to matter what. FTX is the responsible party and not anyone else. I love how all these people try to act like decentralization is the problem when this is 100% FTX's fault. Centralized honeypots should not exist.

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Good point.
I always think the frequent chain halts on Solana being a definite indication of centralization, and now I feel embarrassed that I didn’t use the same ruler to measure Thorchain.

THORChain did not cave to any pressures. The dev's of THORswap, a centralized front end, shutdown their front end. THORChain has been active and remains active (although it has halted from majority node vote in the past and is certainly more centralized than BTC, but is likely at Hive's level of decentralization - 100 nodes). The central points of failure will be tested and ultimately weeded out. If THORswap can't take the heat... can Shapeshift? TrustWallet? AsgardEx? There are many other TC front ends.