According to Odaily Planet Daily, Crypto Quant founder Ki Young Ju said that decentralized organizations are not a failed concept. Many projects fail because early participants become complacent after making profits, and latecomers find it difficult to get returns. Balance is the key.
He believes that complete decentralization is not always necessary, and the core idea is to maximize personal interests, which is consistent with capitalism. Internet collaboration is worthy of decentralized attempts, such as Wikipedia, but it needs proper supervision.
He pointed out that without regulation, scammers will be rampant and the potential of blockchain technology will be buried. Web3 needs proper regulation, otherwise decentralization is equivalent to anarchism.
