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RE: Ripple Is In Hot Water - Is This The One Coin That Is A Security ?
Investing in a coin that is controlled by some company (61% shares) in an unregulated, wild-wild-west typo of market is not the wisest decision you could make.
I can not say I am worried with Ripple being in the hot water either.
Down with centralized coins. However, there are more centralized coins like that one, however, people dont realized that.
I'm only aware of ripple and tether, can you tell more centralized coins, please?
Bitcoin is centralized but in a different way than others think. Bitmain (manufacturer of ASIC that mines BTC) can basically do what they want with they price. They own the market.
Stellar is also too much centralized.
Even projects like WAN, VEN, ICX are centralized in a way (they are government backed and the contruction of their modes makes it very easy to manipulate the system...).
On a more philosophical note: I dont think that mankind is ready for decentralization. Unfortunately, people cannot take responsibility for their lives, so they need someone to tell them what to do, what to think, and how to deal with money... That's a sad fact in this dumbed-down society of 21st century.
Actually I like to counter that-everyone looks at bitcoin the wrong way. The miner are not the dencentrzled part. It the nodes-remember UASF? Nodes are what matter in bitcoin and fake nodes are very easily seen. Also since bitcoin has no lead dev the development of bitcoin is the most decentralized.
And for the miner part with the introduction of halong mining Bitmain dominance in bitcoin mining has dropped. A much need computer has arrive to asic and samsung is helping halong mining in the quest for an alt mining company. With the bad press Bitmain has-less people buy for them. Anyway that is my counter :)