Quote from: Coin BTC on April 12, 2022, 08:53:03 AM

Quote from: Abiky on April 08, 2022, 09:15:01 PM

Do you think ever-increasing centralization is a cause of concern? What would be the impact of tightening regulations over the entire crypto/Blockchain space? Will it still be able to survive? Your input will be greatly appreciated. Thanks in advance.

according to those who have heard from the information, basically some crypto is classified as a truly centralized crypto, I also thought that only bitcoin and ethereum were truly decentralized. and there may also be several factors that appear to be crypto-centralized including the one I mentioned earlier namely bitcoin.

let's all hope that decentralized platforms will continue to exist and develop well, and be able to compete with centralized platforms because otherwise we will know what happened maybe crypto will slowly fall or can be said to collapse.

even if many large companies adopt, we will also not be able to escape it because the government is still in control of the company and its people. but still they don't have full control, they're just going to collect the taxes here.

Even ethereum is not really "truly" decentralized. In a way it is technologically decentralized, but there are tons o them out there if we consider that as decentralization. The problem is that Vitalik is still holding so much power, whatever he aims at would become a reality because people approve of it, like this eth 2.0 for example, he wants to do that and everyone accept it and we are going to have it.

I am not saying it is a bad idea, it is a good idea and I would accept it as well but that doesn't mean that it is not a problem when he does whatever he wants to and we all accept it. We will see how it is decentralized when one day Vitalik wants to go one direction and everyone says no.