# There is no decentralization without open source

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2023-02-18
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Most Successful Crypto Miner Failure, Akash Super Mini - Greg Osuri Interview CEO of Overclock Labs (Action Crypto)
- **Watch at:** 01:28:01 — https://www.youtube.com/watch?v=FwJ4-Q27CRM&t=5281s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2023-02-18-there-is-no-decentralization-without-open-source-b5h2/
- **Cite as:** Greg Osuri, "There is no decentralization without open source," Most Successful Crypto Miner Failure, Akash Super Mini - Greg Osuri Interview CEO of Overclock Labs (Action Crypto), 18 Feb 2023, 01:28:01. https://www.youtube.com/watch?v=FwJ4-Q27CRM&t=5281s

## Quote — verbatim

> There is no decentralization without open source. That is the foundation... open sourcing \[is\] the first step. If you can verify someone's source code, you can be decentralized.

## Context — site annotation, not spoken

Closing argument blaming closed-source, centralized entities (FTX, Celsius) for the industry's losses — including the FTX backdoor funneling customer funds to Alameda.