Quote from: jacafbiz on May 26, 2023, 03:35:12 PM

There is nothing decentralized about Crypto, the way greed is destroying this space is very disturbing, the team and VCs hiding under the guise of decentralization by allocating 90% of the tokens among themselves, the funning thing is the community allocation, just ask yourself who the community are? POS is centralization and people seem okay with it and I have a feeling this is going to continue to get worse from here because what these people are doing is aligning themselves with the centralized government and protecting their own arse from government attack, they want to eat their cake and have it.

Yes. It's very unfortunate how things are turning out to be for the crypto industry. VCs, whales, and other investors with huge economic interests are not thinking about decentralization at all. They're only thinking on what's most convenient for them. This is bad because it will give governments the power to manipulate crypto assets at will. We could apply this to the vast majority of PoS coins on the market. ETH, BNB, and similar coins are ruined because they will end up in the hands of centralized exchanges and mainstream governments in the long run. Bitcoin is safe for now because it uses PoW as its consensus mechanism.

There are some old-fashioned PoS coins that have stayed true to their word by preserving decentralization and censorship-resistance. However, they're not as popular as their centralized counterparts. At least, it's better something than nothing. As long as people have a choice, nothing else matters. Just my thoughts Grin