> What are "the people" going to do about this? What does blockchain have to do ... | Hacker News

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		binibus on Sept 15, 2022 \| parent \| context \| favorite \| on: The Ethereum merge is done > What are "the people" going to do about this? What does blockchain have to do with this? Not a damn thing. You have Coinbase, Kucoin, Gateio, Crypto.com, Kraken, Bitfinex, Uniswap, Sushiswap, Pancakeswap, ... Competition is also a form of decentralization.

jqpabc123 on Sept 15, 2022 [–]

Yes. Just like Amazon has lots of competition in ecommerce.

Whoever controls the majority of the trading volume sets the "market" price. The "competition" has little choice but to follow along.

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