Why Crypto is not and will never be decentralized
Yessss im saying it and will stay it again: CRYPTOCURRENCY IS NOT AND WILL NEVER BE DECENTRALIZED.
Althrough cryptocurrency is one cool invention and next level futuristic technology (not to mention a 💣 investment opportunity), the one thing it's not is decentralized #facts. Plenty of iconic crypto minions have been taking about how this new tech is taking the power away from financial and government institutions and helping the people experience freedom on another level. Companies like Ripple have been shredded to pieces for creating a system that is bringing the crypto world and financial institutions, aka the enemy, together. Meanwhile even #Bitcoin itself is to a greater percent centralized. Why on heaven and earth would i come up with such a crazy claim? Well, here is the explanation:
If the crypto world was as decentralized as lots of my fellow minions claim it to be, then we won’t have market manipulation by the so called "crypto mafia", we won’t have people losing their funds, money and contributions in matters of e.g death. We won’t be hoping for a crypto summer through money injection from government and financial institutions (again "the enemy").
Decentralization is based on distributing or delegating activities especially regarding planning and decision-making away from a central, authoritative location or group and yet in the cryptocurrency space it’s the majority coin owners, crypto creators and still the government who decide what happens next. That is why we have some silly crypto millioners trying to kill bitcoin through pumps and dumps. That is why slowly but surely "common" individuals are not able to participate in ICOs unless we are accredited investors. That is why we are all hoping for the one and only ETF to be passed and the crypto mafia to have mercy on us all so we can "hopefully" have the Bitcoin market value increase again. And the list goes on and on and on and on and on…..
The only thing crypto has achieved, in this aspect, is the moving of a particular amount of power from institutions to individuals and with time that power will go back to the same institutions we are fighting hard to free ourselves from because, as we are already seeing... Banks and governments are investigating in (aka buying) Bitcoin, they are inventing their own cryptocurrencies and regulations to control the crypto space are being created day in day out...
There you have it my fellow Cryptokingdomers. I wish you all the best in your investment journey. If you have any thoughts, ideas and comments that you would like to share with the kokusima family, please feel more that free to do so on the reply section. Don’t forget to vote (aka like) and follow the lovely ME 😊.
Keep it groovy and stay a boss @Justkokusima
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My crypto community on Instagram is: https://www.instagram.com/cryptolemonade/
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