Post
Topic
Board Altcoin Discussion
Re: Is crypto becoming centralized?
by
killerfrost
on 09/04/2022, 01:13:10 UTC
...If companies start to embrace stablecoins on top of traditional cryptocurrencies, then the whole industry will become heavily centralized. This should be a cause of concern, as a full government crackdown (or ban) could mark the end of crypto's prominence in the mainstream world.
So how can you be satisfied? Such a change, I think, is reasonable and necessary when we have to admit that the interest from large companies has impacted confidence in the success of the market. This school is more. And on top of the issue of stablecoins affecting the centralization of the market, it's funny how the rise of stablecoins will dominate the issue of control. Positive thinking on them creating stablecoins for centralization star? I haven't seen so much popularity so far. Of course, every major platform provides fixed assets to create stables that help ensure people's trust, so it's not empty, but today we need more attention from large corporations to the industry, so you have reason to be afraid.