On: Binance Smart Chain DeFi Project Hacked for $31M

[hulahoof]

Cash is most certainly not decentralised, unless you are using some uncommon definition of 'cash'

[asimpletune → hulahoof]

How is cash not decentralized? I can pay anyone anywhere for anything and I don’t need any centralized infrastructure.

[nayuki → asimpletune]

The issuance of gold is decentralized. The issuance of cash is centralized, unless you believe in counterfeiting. However, the transacting and storage of both cash and gold are decentralized.

[alasdair_ → asimpletune]

The centralized issuing authority can decide overnight to make the cash worthless. This happened fairly recently in India, for example.