Post
Topic
Board Announcements (Altcoins)
Merits 2 from 1 user
Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
by
drays
on 15/05/2021, 17:54:00 UTC
⭐ Merited by Welsh (2)
True, but again, where did DOGE pump come from? Good fundamentals and decentralization? Nope. It was again one man show, in this case by Elon Musk. In other cases it could be CZ or back in 2017 John McAfee. When something depends oo one man (not even one company or board of directors, but one man), it can't be more centralized.

That's true, but, its not about centralization or decentralization. That one man can be CZ, Musk or any other "influencer", be it Kim Kardashyan, Mia Khalifa or Donald Trump. Doesn't matter who. The endorsement and millions of empty-headed followers matter. Those effects are not specific to crypto, and they are not inherent to crypto. This is all about herd mentality being adopted by masses.