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Title: It's abit strange why people create a cryptocurrency and still centralized it Post by: Ucy on September 10, 2020, 02:37:04 PM Why not just use the existing centralized fiat currencies or create a non-crypto based centralized currencies? Perhaps they know the governments will not tolerate it? Or they just like most or all of the features of Decentralized Cryptocurrency except the decentralization? Having the features without the decentralization makes things even more risky for themselves, users and the world... assuming the creators are dangerous people.
In my opinion, crypto should be exclusively for those building decentralized currencies/projects so that creators can benefit from communities regulations/governance without the need for centralized regulations Another strange thing is that people work so hard to create "decentralized cryptocurrencies/projects" and end up handing them over to centralized governments (even without community's consent or without community consensus). How is that possible? Title: Re: It's abit strange why people create a cryptocurrency and still centralized it Post by: jrrsparkles on September 10, 2020, 04:56:47 PM No one is stopping them from creating such centralized cryptos that is why they are creating, and the only difference of centralized cryptos and fiat is the mode of transaction.When we call it as crypto then those transactions are taking place in the blockchain network which still lacks in fiat.
Title: Re: It's abit strange why people create a cryptocurrency and still centralized it Post by: Vod on September 11, 2020, 02:57:45 AM AWS is doing a great job selling centralized blockchains. Decentralization is just one attribute of a cryptocurrency - you take that away, you still have a valuable product.
I'll be using a centralized AWS blockchain to track the asset shares of my corporation. It still can't be modified and it still can be copied by many people. But it doesn't produce the level of CO2 like distributed blockchains do. |