/biz/ - Business & Finance

>>57135947
>I quite frankly do not care.

I hope they will at least switch bitcoin off

>>56120623
Bitcoin became centralized very quickly and now depends on a small group of software developers and mining pools to function. As internet pioneer and publisher Tim O’Reilly observed, “Blockchain turned out to be the most rapid recentralization of a decentralized technology that I’ve seen in my lifetime.” Although the Bitcoin white paper’s promise of decentralization did not deliver, the underlying complexity of the technology that tried to do so remains—which is also true of crypto writ large.

Voting rights in decentralized autonomous organizations and wealth tend toward concentration in crypto even more than in the traditional financial system. In addition, decentralized blockchain technology cannot handle large volumes of transactions very well and does not accommodate transaction reversal, so it seems inevitable that intermediaries will emerge to streamline unwieldy decentralized services for users (especially because there are profits to be made by doing so). ” And of course, many of the crypto businesses that have emerged over the past decade make no pretense of decentralization: centralized exchanges, wallet providers, and stablecoin issuers, for example, are all critical players in the crypto ecosystem. Many of these intermediaries are simply new (and often unregulated) equivalents of what already exists in traditional finance.
https://www.imf.org/en/Publications/fandd/issues/2022/09/Point-of-View-the-superficial-allure-of-crypto-Hilary-Allen

>>56090495

>>In August 2010, someone exploited a flaw in >>Bitcoin’s code to create 184 billion Bitcoin.
>>The bug was quickly corrected by Bitcoin’s >>anonymous creator, Satoshi Nakamoto.

Who would use this centralised scam anyway ?

>>54402770
='(

What is the advantages or benefits of trading crypto rather than Forex?