@BartG95 Not only are they not technically decentralized but they're also not economically decentralized. If you ignore the numbers and just look at who is getting real bread-on-the-table type value out of it then it's always a very tiny number of individuals, with all the other users just being accessories to the ponzi scheme.

But even that being the case, blockchainers have somehow managed to claim the word "decentralized" as their own. It think this is because the technology is just slightly beyond most people's cognitive event horizon.