Crypto Quant founder: The concept of decentralized organizations has not failed, but its success requires balance

Ki Young Ju, founder of Crypto Quant, said in a post on X: "Some people think that decentralized organizations are a failed concept, I disagree. Of course, many decentralized projects have failed. The main reason for failure is that early participants have made considerable profits and often become complacent, while those who join later have difficulty getting returns. Balance is the key. Complete decentralization is not always necessary. The core idea is to maximize personal interests, which is consistent with capitalism. The concept is reasonable, but it is still in the exploratory stage, seeking the right balance. Collaboration on the Internet deserves a decentralized attempt. For example, Wikipedia, a platform for archiving information, may operate more efficiently in a decentralized manner. In fact, there is a project called Everipedia dedicated to this. However, the reason why it did not succeed may be that a new team cannot easily catch up with Wikipedia's decades of experience and expertise. Finally, Wikipedia itself needs to issue its own tokens, but this will be difficult without proper regulation. If proper regulations can filter out scammers, large companies or promising teams will also participate in this experiment. On the other hand, without regulation, scammers will continue to be rampant and the potential of blockchain technology will be buried in disgrace. Web3 Appropriate regulation is needed — unless advocating decentralization is tantamount to advocating anarchism.”