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RE: Is Crypto Pumping? What Are The Risks?
Crypto is still in its infancy, and the money that has entered in the last few months would blow your mind.
It truly won't be long where most shitcoins are turned to dust and the "value" they pulled from BTC will be returned.
I currently hold a Mix or Platform and Dex coins as its pretty clear they will lead the charge.
Steem has far more "value" than bitcoin. Gold was traditionally a store of value simply because it had no other use... and was scarce. Follow the use cases.
This is far more like the adoption of cars over horses. There is no going back to centralization... as long as your crypto is working for you then you'll be just fine.
Steem is centralized though, the 'devs' own over half of it.
Mostly in the form of upvote bots and delegated stake to encourage more growth. In this case the chicken comes after the egg; there is no doubt the platforms like dlive, dsound, and vanilla steemit aren't orders of magnitude more beneficial for the average user who up until now had to subject themselves to data collection, poor clickbait content, and ads in general. Without even the possibility of monetization might I add.
yeh bitcoin tends to draw its power from the shit coins
great