

Bitcoin and ethereum blockchains are built to be open, public and decentralized. The difference between these and a bank could be compared to the difference between reddit and lemmy. Is reddit a scam? Perhaps not on a large scale but it has all the potential to become a scam once its executives decide to do so. Lemmy is not owned by a single person which makes it way more harder to “control”.

























Your argument: lemmy is shit because its creators are communists and it isn’t decentralized because most of the traffic is on lemmy.world
BTC is and still is a decentralized project, a few actors gained a lot of power over the network but that is another story, similarly you could argue that a bunch of people run the finance world.