Decentralised! Really?

[gedor]

Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.

You are correct,Most of the ICO these days don't even have their own ICO software forget about decentralisation.They tend to target the commercial industries  and guess who are the founders of these ICO's ? The corp orates themselves ! You cannot expect much from them,can you ?

The only thing written in smart contracts are the coin distribution, etc.

Then why these are called decentralised?

Or am I missing something?

P.S. I am learning, so any relevant info is appreciated!

Forget about decentralisation,ICO's only target money.Their only intention is to make people believe in their idea and sell the worthless tokens.It has become a business now.I don't even see any great developers leading any of those projects.Just money hungry corporate.

I agree with you. I am sure that neither of the developers care about decentralization. They use smart contracts to create a token not because of decentralization. It is a standard now.

[yillusion]

i think its due to decentralize is the feature of blockchain, and many projects are not using blockchain or dont need to use, but the team force to add decentralized to the description whick makes it looks like blockchian to defraud the trust

[Febo]

Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.

The only thing written in smart contracts are the coin distribution, etc.

Then why these are called decentralised?

Or am I missing something?

P.S. I am learning, so any relevant info is appreciated!

No you are not. ICOs use mainly ETH blockchain just to gather founds to develop their centralized platform.  In many cases that is only solution and in many cases it would be way more experience to use decentralized database over centralized. But word decentralized sells well ad that is what they are after. Best is to put it in company name.
Same situation happened at end of last century and it was called Dot bubble.

[Lagduf]

Many ICO these days says decentralised, but usually have their own central software for using that technology or product, rather than writing in smart contract.

The only thing written in smart contracts are the coin distribution, etc.

Then why these are called decentralised?

Or am I missing something?

P.S. I am learning, so any relevant info is appreciated!

I can't get some people or developers said their project is decentralized, I just take an example about the true decentralized is to keep the miners to run the network and makes the nodes will be spreaded around the world and the attackers must break down all of the nodes before affecting the network. This not applicable in the project.

[aeternus]

I found this picture some time ago and it kinda opened my eyes.. We just don't have the facilities yet for a fully decentralised economy. However, we are potentially going into the right direction of facilitating all decentralised volume. The question is if we can break out the established ecosystem, or if they will be faster in regulating it by creating their own “corporation blockchain“.

Centralization is easier, that is why that is the more common system of government of the world where a few people keep most of the power but for the very first time in the history of civilization decentralization is becoming possible and I think we are going to follow that direction for the next years.

[injoin]

'injoin' runs DAD, a true decentralization concept. "www.injoin.in"

https://medium.com/@injoin_in/dad-decentralized-autonomous-democracy-279d52317cff

https://i.imgur.com/zjonFO4.jpg

[AleksandraSandra]

Decentralisation has become a boom thanks to Bitcoin, but what happens today, is that people are trying to get rich thanks to investors who don’t know the difference between ‘decentralised’ and ‘distributed’. Most of products provided in the ICOs today are centralized around something, like companies and their owners with their interests.
So yeah, decentralisation is a very rare thing today.

[nice.duck]

Myself was thinking on the subject for several days and found this thread today. Strongly agree that decentralized is more of a fancy word used by ICOs. Each announcement is composed of tons of such words (eco-system etc.).
More questions than answers after all.