Do yourself a favour and do your own research. Look at the top coins on coinmarketcap by market cap and volume and look at each respective's coin's use case, technical approach and community. Keep in mind that some coins are centrally issued, which may be good or bad depending on how you want to look at it. Form your own opinion and don't just blindly buy into the hype of the day.
Hi HeretiK,
I hope that this thread does not mind if I sort of hi-jack it. I can see that you are have a high ranking and you sort of right in a good way.
So, if you don't mind, I would be most grateful to you if you could tell us a little bit more about the centralization/decentralization issue.
These are my POVs:
1. Bitcoin is completely decentralized, which means 100% immutability.
2. Ethereum is - sort of - centralized, which means 100% unimmutabillity. I mean the case with the DAO clearly showed that it's a centrally-controlled organization, just like Facebook, Twitter or the US.
3. I am totally for the decentralization and against any form of centralization. This means that I am an anarcho-democract, I guess. I don't want any central person or organization to tell he what I should do or how I should behave. That's why I really like decentralized currencies and dislike the centralized ones.
4. But, I also adore disruption. For isntance, there's Ripple. Ripple will bring the disruptive wave to the banking industry by providing a) zero-fee, b) any-size, c) immediate payments around the globe. This will decimate the banking as we now it. But, as fas as I understand, it's clearly centalized - both in terms of the "shareholders structure" and the control over the system as such.
That's why, I am starting to feel that I have to let it go, u know. I have to let the markets do their own thing and help the ecosystem to weed out the bad ones and the good ones. So, we should not be looking into whether an alt is centralized or decentralized.
However, the decentralization will once again enable the rich to get even more richer, while disincentivizing the ordinary users from drawing value. Like in the face of Faceboo, where that Zukerburg gets the fees and not the page face that has just posted a cutie-cutie cat pic. She should be getting the money from the social ads placemen, not Zukerberg. Steemit Zukerburg, steemit him, steemit him (in chorus), I mean.
So, what's your take on the decentralization/centralization thing?
