Why we should stay away from Non-decentralized Cryptocurrencies?
Why we should stay away from Non-decentralized Cryptocurrencies?
From 2016 we can see a lot more new currencies matured and coming to the Mainnet with already minted coins. While these are not really focused on the privacy of the users, it is awful for the crypto community. It can easily expose the crypt community from its core concept of decentralization and rewarding users for their Proof of work, brain or whatever users can contribute to its public ledger (blockchain).
This is my opinion about people adapting blockchain technology and ditch the Decentralization concept. What do you think?
- Yes. We should avoid Non-Decentralized Crypto
- Blockchain without Decentralized Crypto is a Joke
- Centralized Crypto is to disrupt Decentralized Crypto
- No idea about Crypto or Decentralized Coins.
- I don't care much about this.
- Sharing different opinion in the comment...
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It depends on the purpose, it depends on the crypto, it depends on the company... If you trust in your bank, why you shouldn't trust in the crypto the bank issues? If you use Facebook, and Facebook makes a fiat-backed stablecoin, why you shouldn't use it?
Decentralized cryptos have other purpose, can make revolution in many terrains, but also have its disadvantages (like volatility, security problems). Maybe both categories, centralized and decentralized, have a future.
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