Topic: Where is Decentralization ???? (Read 490 times)
And more to the point, what China is really cracking down on are ALTCOINS and ICO's involving them- not Bitcoins. Face it - an ICO and the coins/tokens released are pretty much exactly the same as what an IPO is to stocks. Only difference was that anyone can think up a new coin and do an ICO for it to lure in Investards. Now like any REAL business becoming public and issuing stock the ICO's must now abide by strict rules proving they are a legitimate business with a proven track record and are not the typical pump-n-dump schemes seen in the past.
but after their disgusting step on banning almost everything related to bitcoins
You sound pretty misinformed since they, you know, didnt ban anything to do with the bitcoin network. They shut down the exchanges so they could properly regulate them.
If that would be the case and China was to control bitcoins, why did they stop all such operations that were being conducted in their country? They used to be the center of attraction whenever Bitcoin was discussed, but after their disgusting step on banning almost everything related to bitcoins, I think you went low on your mind to say such things about bitcoins control in the hands of China. I do believe that some cryptos are being tried to control through a point but that's because they were made wrong. There are many examples like Dash and Monero which have big investors involved just like in bitcoins, but they don't try to show-off their powers through pump and dump shocks to the markets.
All crypto-currencies actually stop being decentralized as they develop. I am amazed by the position of "great" experts who shout at every corner about the decentralization of Bitcoin and other crypto-currencies.
Is their level of qualification so low or they deliberately mislead people? The illusion of decentralization, or free cheese in a mousetrap? I'm sure Bitcoin in a few years will be an ordinary bank on blockchain where all the emission and control will be in one hands. And in hands of Chinese)
Any expert talks about this? Any expert warns about this? All the crypto-currencies - pow or pos - as they develop become centrist. In POW - someone has more iron and capacity, in POS - someone has more balance. The main is that the emission of new coins is made in such a way that nothing remains from decentralization in the end, s. It's only a matter of time.
Or are there other opinions??
Is their level of qualification so low or they deliberately mislead people? The illusion of decentralization, or free cheese in a mousetrap? I'm sure Bitcoin in a few years will be an ordinary bank on blockchain where all the emission and control will be in one hands. And in hands of Chinese)
Any expert talks about this? Any expert warns about this? All the crypto-currencies - pow or pos - as they develop become centrist. In POW - someone has more iron and capacity, in POS - someone has more balance. The main is that the emission of new coins is made in such a way that nothing remains from decentralization in the end, s. It's only a matter of time.
Or are there other opinions??
I say do something about it then. Become part of the movement. While China has every little finger in every little pie in the crypto world I do not see it becoming a central bank or entity. The network is what is truly distributed run by people all over the world to ensure the security of the network.
Bitcoin is only strong when more people becoming involved and help to make it so that stays decentral forever.
If you think about it China has just suffered the loss of many of there crypto exchange platforms so for them to become the number 1 place for crypto has taken a hit in recent time and shows that even though bitcoin may not be something they can shut down as easly as they can the exchanges the service the bitcoin users.
All crypto-currencies actually stop being decentralized as they develop. I am amazed by the position of "great" experts who shout at every corner about the decentralization of Bitcoin and other crypto-currencies.
Is their level of qualification so low or they deliberately mislead people? The illusion of decentralization, or free cheese in a mousetrap? I'm sure Bitcoin in a few years will be an ordinary bank on blockchain where all the emission and control will be in one hands. And in hands of Chinese)
Any expert talks about this? Any expert warns about this? All the crypto-currencies - pow or pos - as they develop become centrist. In POW - someone has more iron and capacity, in POS - someone has more balance. The main is that the emission of new coins is made in such a way that nothing remains from decentralization in the end, s. It's only a matter of time.
Or are there other opinions??
Is their level of qualification so low or they deliberately mislead people? The illusion of decentralization, or free cheese in a mousetrap? I'm sure Bitcoin in a few years will be an ordinary bank on blockchain where all the emission and control will be in one hands. And in hands of Chinese)
Any expert talks about this? Any expert warns about this? All the crypto-currencies - pow or pos - as they develop become centrist. In POW - someone has more iron and capacity, in POS - someone has more balance. The main is that the emission of new coins is made in such a way that nothing remains from decentralization in the end, s. It's only a matter of time.
Or are there other opinions??
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