What We Learned on the Path to Decentralization
· 4 min read
When I first wrote about ATTO's path to decentralisation, I believed distribution would do much more of the work. Put ATTO in more hands, reward participation, and people would have a reason to run voters or delegate to independent representatives. As the network grew, I expected voting weight to spread with it.
That was the idea. It sounded reasonable at the time. I was wrong about how much distribution could achieve on its own.
The releases reached more people, but they also kept putting ATTO into a market with limited demand. Recipients could sell what they received, and recurring releases created strong sell pressure. Wider distribution by itself did not give the network durable demand or a more independent voting network.