The whole concept of cryptocurrency was decentralization. But when the centralization was brought in. Then the problem begins. Can this be solved tho
The biggest crime in Crypto currencies are the fact that private centralized institutions hijacked the whole experiment and then caused all these problems. Satoshi did not want people to do P2P transactions via 3rd part centralized services, he wanted people to trade 1 on 1.
These centralized services used exploitable code and hackers and thieves quickly realized this and they targeted these vulnerabilities. So Bitcoin was not responsible for these hacks, but rather 3rd party services with weak software.
These centralized services used exploitable code and hackers and thieves quickly realized this and they targeted these vulnerabilities. So Bitcoin was not responsible for these hacks, but rather 3rd party services with weak software.
It can be solved. If only they have better software that could block this kind of things, then we shouldn't have problems even though we have the p2p transactions by the use of 3rd party centralized services. But I would still prefer if people trading in 1 on 1 rather than the p2p thing.