Post
Topic
Board Altcoin Discussion
Re: Why are crypto devs so greedy
by
Jackl87
on 17/11/2022, 19:39:11 UTC
The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.
What is the way forward? What solution do you think will be effective?

Well in the end i think you always have the risk that a project becomes to decentralized no matter what type of consensus mechanism it has. In the last few months after the Ethereum merge a lot of people were pretty negative about it because now the big ETH holders, which means the big exchanges like Binance, Coinbase and Kucoin for example have a lot of power over the network now. As far as i know though that was not that much different before the switch to PoS happened because before there were huge chinese mining companies that were in charge of big portions of the mining power of the ETH network, which was not better.