As states begin to adopt regulations governing cryptocurrencies and other uses of blockchain technology, it is becoming clear that the libertarian ideal of blockchain was just that – an ideal. There are already examples in which human decision-making has counteracted the immutability of some blockchains. In short, there appears to be a movement toward centralization within this decentralized technology.
Benedetto Neitz, Michele, "Ethical Considerations of Blockchain: Do We Need a Blockchain Code of Conduct?" (2020). Publications. 866.