Crypto-currency not "decentralized" at all?

perrysaico

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Now we are seeing the grey side of crypto-currency. Hope there will be solutions for these in the future!
We really love cryto to go mainstream. But not with this vulnerability.

Rinaze

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Activity: 322

Merit: 100

Quote from: perrysaico on November 12, 2017, 01:55:58 AM

Does this mean crypto is not 100% decentralized?
Yes, there are no particluar institutions who sanction cryto, but the price
can be easily manipulated by a group or a country?

I hope what i am reading so far about BTC Fake transactions, korean BCH exchange pump
and china influencing PCH and BTG prices are all but rumors.

This is definitely possible especially when over 70% of the BTC miners are from China despite being different entities (look at what BCH is doing to BTC and this is not even considered at country level yet). It would be easy for the government to regulate or ask for their cooperation if the corporations still want their billions of BTC or crypto. The issue is not as simple as not being decentralized but the reason why crypto itself might not even go mainstream or mass adopted is because of exactly what you are seeing now. The whales are freely manipulating the market and causing every currencies to be very volatile.

perrysaico

member

Activity: 121

Merit: 10

Own Your Privacy! TOR Integrated Privacy Coin

Does this mean crypto is not 100% decentralized?
Yes, there are no particluar institutions who sanction cryto, but the price
can be easily manipulated by a group or a country?

I hope what i am reading so far about BTC Fake transactions, korean BCH exchange pump
and china influencing PCH and BTG prices are all but rumors.

Topic: Crypto-currency not "decentralized" at all? (Read 198 times)