Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Crypto Is More Centralized Than North Korea, Says ‘Dr. Doom’ Economist Roubini
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?
Cardano is the most promising 3 gen. crypto right now.

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.
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. Wink
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.
Cardano is the most promising 3 gen. crypto right now.


Forum Jump:

Users browsing this thread: 1 Guest(s)