I remember a time when bitcoin community used to stand for decentralization (against centralization), fighting regulation with bitcoin as a weapon, a token/coin for the people supposedly immune to government reach, regulation and centralization.
But things have changed. Those lucky enough to be "early adopters", drunk with power and money became arrogant, dumb, greed and egocentric and tried to centralize bitcoin power in their own hands wether it's a fight between bitcoin groups or simply bitcoin vs other communities and they have destroyed it (bitcoin).
Now, one of the bitcoin maximalists, a guy that makes a living harrasing people on twitter to come " at his show " doesn't want decentralization anymore and feels threatened by ethereum and icos and begs for SEC to step in because, quote, "ICOs & ‘Tokens’ are killing innovation". What innovation ? Public blockchain scene is where it is because bitcoin has rivals and will force it to evolve. This is what decentralization means. Feeling threatened is foolish and if you are one of those, cash out or diversify. It's stupid to turn back to authority when you claim you're here to get away from it. It just means you only came here because you tossed a coin and decided it worth the risk without enough due diligence.
Altough i do believe a few of these ICOs may be scams ( most of them won't fail because they are scams, but because of incompetency of dev teams ), some of them are actually game changing ( like BAT ). And i do agree a better solution is needed for handling these ICOS that sell out in seconds (i've paid 100E in fee and still didn't get in).
Link of the bitcoin maximalist that's fud-ing ethereum 24/7 because he feels threatened https://twitter.com/derosetech/status/870056707480838146
Topic: Bitcoin, cryptocurrencies, maximalists and regulation (Read 266 times)
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