DINO = Decentralized In Name Only: A pejorative term for crypto projects that claim to be decentralized but, in reality, operate with centralized power dynamics. These projects often exhibit signs of centralization, such as a significant premine favoring insiders, decision-making power resting with a small group or a single individual, and a potential for shutdown by these parties. Such projects often boast supposed improvements over Bitcoin's energy efficiency, transaction speed, or scalability, appealing to naive investors. However, these "advancements" come with trade-offs leading to centralization. They may also be designed in a way that inadvertently leads to centralization, such as having bloated blockchains or adopting Proof-of-Stake, which discourage average users from running nodes, causing reliance on centralized services like Infura in Ethereum's case.
"Just went through their whitepaper, it's pretty clear that it's a DINO. Too much control in the hands of a few."
"Bro, Solana servers are down for the 10th time this year. What a DINO."
"Bro, Solana servers are down for the 10th time this year. What a DINO."
by akiranakamoto July 11, 2023
Get the dinomug. Acronym for Democrat In Name Only. Refers to people affiliated with the DemoCratic Party who act like Republicans.
by John Doe January 21, 2004
Get the DINOmug. by A. McNamara December 3, 2007
Get the Dinomug. by T. Dizzle May 9, 2005
Get the dinomug. by ihave10waifus October 14, 2019
Get the dinomug. When living in a world filled with lol's and hahahahaha's and rolf's and lmao's, it's hard not to go crazy. If you get annoyed by any of these words you might want to look into using their substitute, Dino.
by Dinokid! December 1, 2009
Get the Dinomug. aweee. your such a Dino!
by j babyyy April 13, 2008
Get the Dinomug.