Post
Topic
Board Altcoin Discussion
Re: Binance is a threat to the crypto space
by
josephdd1
on 09/06/2019, 18:53:07 UTC
Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

really? is the situation more worse than what bitcoin is in right now? most of the hashing power is concentrated into a handful of pools. Same with eos where it is centralized in with just 21 block producers that are getting 1.88 million a year for doing absolutely nothing?

Will it be any worse when compared to the case of facebook's worldcoin or libra or whatever the crap they're calling it? licensing each node for 10 million dollars and then concnetrating that power into one space?
See, decentralyzation is great, it should happen but as infrastructure decentralyzed infrastructure is very unreliable. Just factor in a 5 - 15 ms of latency in any decentralyzed network and you will see what I mean.
decentralyzation is prone to adoption, if people don't adopt, then the network will not mature and for that maturity to happen, it needs to be centra, to an extent, at first..