It is Decentralized In Name Only (DINO) if:
- It has a company behind it
- Smart contracts with admin keys
- Smart contracts that let oracles decide their outcome
- Has rolled back its blockchain
- Has a really small number of nodes
- Most projects rely on the same small number of nodes
- Relies on infrastructure that can easily be switched off e.g. by Amazon or Microsoft
- Has a committee deciding its monetary policy
- Can censor transactions or confiscate funds
- Is backed by centralized assets such as bank deposits or bonds
- Depends on a centralized or DINO stablecoin to function
- Regularly changes critical rules such as emission rate and the consensus algorithm