💬 Discuss: bad SEC bends decentralized projects 

SushiSwap CEO Jared Gray recently spoke out. Says he no longer feels inspired by the crackdown from US regulators. If suddenly someone is not in the know, earlier the SEC handed Gray and DAO Sushi a subpoena, and he called for chipping in and collecting $4 million for lawyers.

The network began to ridicule the SEC for trying to bend decentralized projects. But let's see what's going on, shall we? And the following happens.

— One person or a group of people get together and cut new projects on different blockchains. These can be DEX, landing protocols, and so on.
“They issue tokens, sell them or distribute them, leaving themselves the lion’s share, collecting money for their work.
- In fact, this group of people controls the project through tokens, they cut the code themselves. And he says that “everything here is decentralized, smart contracts are decentralized.”
- The same team maintains the project, creates websites and advertisements for it. The site complies with sanctions. Calls to buy their token.
“The SEC is looking at this case and issuing lawsuits to the team behind the project.

Where is the SEC wrong? They collected money without complying with the laws, miraculously did not scam their token and hide behind the cool word “decentralization”. If you want to do decentralized projects so that the SEC doesn't come to you, do it. Why can’t anyone bend bitcoin and even Gensler himself stated that he was the only decentralized one? Not because the nodes are distributed all over the world and there is no single point of failure (although this is also the case), but because there are no people behind the project.

Bend any developer - nothing will change for bitcoin. Others will come and write the code. Bend all the developers at once - nothing will change. Nodes will process transactions, then new developers will appear. Bend the team behind some crypto project and it will shut down.

💪And, what is also important, Bitcoin developers are sawing the code on bare enthusiasm and with little support from the community, rather than printing trillions of worthless tokens, selling them to gullible investors, and then wondering where the lawsuits come from.

Why do you want to store value on the Ethereum network, but not on the BNB network, for example, TRON or any other? Because if ConsenSys and Vitalik Buterin personally are closed, the Ethereum network will still work, stables will be translated, protocols will work, although code changes and improvements will slow down a lot. And bend CZ, what will happen to his manual 20 validators? Unclear.

Therefore, Bitcoin remains the largest, and Ethereum the main platform for smart contracts. Because there is confidence in the future. It is better to pay for a $5 fee and keep stables in the Ethereum network than to risk that tomorrow the SEC will put someone in prison and the blockchain will be closed for maintenance.

P.S: personal opinion, you may have a different one, and that's fine.