On: Ethereum will use around 99.95% less energy post m...

[reedjosh]

The federal reserve is

Decentralized?

> The Board of Governors' seven members guide the entire Fed system.

> The Board and FOMC make the Fed's decisions based on research.

https://www.thebalance.com/the-federal-reserve-system-and-it...

[vmception → reedjosh]

Pick whatever word you prefer for whatever aspect of its multi-part nature you prefer

Some of the board members come from the member banks

[reedjosh → vmception]

It's just that decentralized is not what I'd call a system controlled by 7 people that in turn controls the legally enforced tender of over 300 million people.

[vmception → reedjosh]

Just like all systems that call themselves decentralized, some aspects are and some aspects arent