ADA shills saying “cARdAno iS 100% dECenTrALisEd” are being dishonest and misleading.

I want to preface this by saying I am heavily invested in ADA and love Cardano’s ethos and mission. But I also appreciate honesty and don’t like misleading hype news. If you believe in the fundamentals, lies and hype are not required.

Everyone but newbies know De-centralized nodes is not enough for network de-centralization. Full decentralization happens once governance is implemented. Stop changing the definition to fit your narrative.

The majority of development is done by a single team (IOHK/IOG) who have full governance control and are on Charles Hoskinson’s payroll. Most crypto projects launch with D=0 from day one (ie. Bitcoin). So achieving D=0 isn’t a cause for celebration, it’s a concern that it was launched in a fully centralised way in the first place, and I’m glad it’s solved now.

Bottom line is, those who own ADA validate the network transactions and control the votes. Who owns the ADA supply? Can anyone provide a good analysis showing that the supply is well distributed among a large number of individuals, and not massively controlled by a small group of people?

Edit : I find it hilarious that the biggest argument against this post in the comments is “FUD” or “ETH maxi circlejerk”. How about actually engaging with the arguments I have put forward in the post and perhaps have some constructive conversation? Point me to sources that would say I’m wrong? The name-calling just weakens your stance and makes you look insecure.

Edit 2 – Downvote my comments all you want you pathetic shills, it just proves my point.