TechFlow, June 11 — According to Cointelegraph, Quai Network co-founder Dr. K pointed out in a recent comment that the cryptocurrency industry has strayed from Bitcoin creator Satoshi Nakamoto's original vision. He emphasized that while blockchains like Ethereum and Solana offer flexibility and performance, they have sacrificed the core value of decentralization, making them vulnerable to manipulation by government and corporate interests.
Dr. K specifically highlighted that Coinbase controls approximately 11.42% of staked ETH, a level of centralization that contradicts the fundamental principles of cryptocurrency. He also criticized venture capital firms for re-centralizing control through token allocations and board seats, recreating the power dynamics that Bitcoin was designed to eliminate.
Experts believe the crypto ecosystem should renew its commitment to developing tools for absolute financial independence, rather than chasing trends or institutional approval. Only by returning to Bitcoin’s original vision can money be separated from the state, reclaiming monetary control through trustless, censorship-resistant systems.
