Crypto Is More Centralized Than North Korea, Says ‘Dr. Doom’ Economist Roubini

[Carsten]

He is right that a few has the majority of BTC and you could therefore argue that it's not truly decentralized. ETH's Vitalik Buterin also get slammed by Roubini! What do you guys think?

https://cointelegraph.com/news/crypto-is...st-roubini

[BobBobert]

There is much to agree with. I did like the idea of RBT being fully decentralised and if Mark had gone for it then it would be a truly great coin, or at least have the potential to be. We did comment a lot in the old days of BTC being in the hands of a few miners, and that this was bad. It still is. And there are way too few exchanges and none that I now trust after various ones have done runners or gone belly up.

However I hope crypto will grow into something better than it is and the more people that come on board the better. However when the coin ultimately can be controlled by a few people or miners or corporations then it is not decentralised and it is open to abusing the masses.

[Cell]

Yeah... Rimbit... It could have been interesting. But, now with all the alternatives, I can't tell really what could have happened with this project... But, we'll never know.

[Carsten]

Yes we know that the project was scam and it has stopped now, but sadly there is still a bit trading. I hope it will get delisted and gone for good.