Vitalik slams fake decentralization in crypto, says founders build ‘straw houses’

Description

Ethereum co-founder Vitalik Buterin criticizes superficial token-based governance models, arguing they fail to deliver genuine decentralization and risk undermining user autonomy

Authors

David Marsanic

Publish date

July 2, 2025

Publisher

Crypto.News

Web URL

https://crypto.news/vitalik-slams-fake-decentralization-in-crypto-says-founders-build-straw-houses

Referenced by

This shift is not just a concern for user empowerment, Buterin added—it is also a security risk. Many startups build decentralized applications with centralized frontends, such as websites and mobile apps. Buterin referred to these dApps as “straw houses,” arguing that attackers can easily compromise centralized front ends.

Crypto news

Quote

EthCC Cannes, Vitalik Buterin urges true action on decentralization

Crypto news

News story

“And I mean, a lot of the ways that the internet turned out in general ended up being very different from the early types of web 1.0 visions. That happens, right, both in terms of government control and also it serves as corporate control,” Vitalik Buterin, Ethereum Foundation.

Crypto news

Quote