Post
Topic
Board Bitcoin Discussion
Re: Are we not abusing decentralization?
by
CryptoBry
on 27/04/2019, 08:07:59 UTC
Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts comrades.

Decentralization without responsibility, accountability and good regulations can be an invitation for people with ill intentions to exploit the system for their own good to the detriment of the greater population. And we have seen this sadly especially last year when scam and failed projects exploded before the very eyes of the cryptocurrency community. This abuse has to stop otherwise the whole industry can be reduced into a big joke which can make its future somehow bleak affecting people who labored for this industry. I have been saying this all along: The whole industry has to be doing something concrete to address this problem.