I don't think so.
In the crypto world, people are constantly preaching decentralization. Every time a traditional centralized company invests in crypto, it creates huge excitement across the market.
Yet when it comes to something like the SpaceX IPO, many of the same people who have spent years advocating decentralization—and hyping RWA (Real World Assets)—are suddenly looking for ways to get exposure to a highly centralized private company and its stock.
That's why I personally believe that decentralization is often the process, while centralization ends up being the outcome.
People talk about decentralization as an ideal, but capital tends to flow toward efficiency, influence, and concentration. In the end, money doesn't seem to care much about ideology.
People prefer centralization because it's most convenient for them. That's what will ultimately led us to ruin. We've been so used to dealing with centralized entities, that now we don't care about the long-term consequences. Fully decentralizing our economy, and the world, is nothing more than a pipe dream. Banks are relevant, governments are relevant, while Fiat continues to be the standard unit of account.
Crypto will remain an alternative economic system, rather than turning into a replacement for as long as it lives. At least, we have a choice. Could've have been worse, right?
