Bitcoin Forum
May 02, 2024, 09:36:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: It's abit strange why people create a cryptocurrency and still centralized it  (Read 96 times)
Ucy (OP)
Sr. Member
****
Offline Offline

Activity: 2576
Merit: 401


View Profile
September 10, 2020, 02:37:04 PM
Last edit: September 10, 2020, 02:49:10 PM by Ucy
 #1

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?
1714642582
Hero Member
*
Offline Offline

Posts: 1714642582

View Profile Personal Message (Offline)

Ignore
1714642582
Reply with quote  #2

1714642582
Report to moderator
The trust scores you see are subjective; they will change depending on who you have in your trust list.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714642582
Hero Member
*
Offline Offline

Posts: 1714642582

View Profile Personal Message (Offline)

Ignore
1714642582
Reply with quote  #2

1714642582
Report to moderator
1714642582
Hero Member
*
Offline Offline

Posts: 1714642582

View Profile Personal Message (Offline)

Ignore
1714642582
Reply with quote  #2

1714642582
Report to moderator
jrrsparkles
Sr. Member
****
Offline Offline

Activity: 2394
Merit: 253


Eloncoin.org - Mars, here we come!


View Profile
September 10, 2020, 04:56:47 PM
 #2

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.









▄▄████████▄▄
▄▄████████████████▄▄
▄██
████████████████████▄
▄███
██████████████████████▄
▄████
███████████████████████▄
███████████████████████▄
█████████████████▄███████
████████████████▄███████▀
██████████▄▄███▄██████▀
████████▄████▄█████▀▀
██████▄██████████▀
███▄▄█████
███████▄
██▄██████████████
░▄██████████████▀
▄█████████████▀
████████████
███████████▀
███████▀▀
Mars,           
here we come!
▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄██████████
███████████
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀█
██████████████████████▀
▀██
███████████████████▀
▀███████████████████▀
▀█████████
██████▀
▀▀███████▀▀
ElonCoin.org.
████████▄▄███████▄▄
███████▄████████████▌
██████▐██▀███████▀▀██
███████████████████▐█▌
████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄
███▐███▀▄█▄█▀▀█▄█▄▀
███████████████████
█████████████▄████
█████████▀░▄▄▄▄▄
███████▄█▄░▀█▄▄░▀
███▄██▄▀███▄█████▄▀
▄██████▄▀███████▀
████████▄▀████▀
█████▄▄
.
"I could either watch it
happen or be a part of it"

▬▬▬▬▬
Vod
Legendary
*
Offline Offline

Activity: 3682
Merit: 3056


Licking my boob since 1970


View Profile WWW
September 11, 2020, 02:57:45 AM
 #3

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.

https://nastyscam.com - landing page up     https://vod.fan - advanced image hosting - coming soon!
OGNasty has early onset dementia; keep this in mind when discussing his past actions.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!