A path towards #crypto’s inevitable centralization.
▻https://hackernoon.com/a-path-towards-cryptos-inevitable-centralization-a0f0c7679df3?source=rss
Power corrupts , absolute power corrupts absolutely.Unlike traditional financial markets where everything is built upon real-world economics, crypto, at its current stage is built upon nothing but future expectations. We buy #bitcoin because we believe one-day bitcoin will fulfill the role of internet-native world reserve money. We buy, well….BTT because we believe wiz-kid Justin Sun envisioned a billion device will be willingly adopting bit-torrent and use BTT as torrent money, or you doesn’t care this BS at all but believe you can sell it 10 times higher than the price you paid for it in less than a week(which is now a fact btw, congratulations to the seller who were just 10 times richer and buyers who may be a bit poorer but compensated with hopium!)Crypto is striving very hard to (...)