/biz/ - Business & Finance

[Anonymous No.29148752]

we're at the point where people are unironically asking why decentralization is important for crypto

[Anonymous No.29148802]

>>29148752
Why is it important for Crypto?

[Anonymous No.29148966]

>>29148802
Because a centralized network is exactly what our current system is and it’s extremely insecure and gameable by the elite.

[Anonymous No.29149005]

>>29148802
So that jews cant own it

[Anonymous No.29149147]

>>29148966
I feel extremely insecure and gameable in crypto.

[Anonymous No.29149178]

>>29148752
What's decentralization?

[Anonymous No.29149262]

>>29148752
Most people want to be enslaved drooling retards

[Anonymous No.29149277]

>but gas fees are SOOO expensive

[Anonymous No.29149299]

>>29148752
i dont give a shit i just want my fucking money. why do i need to give it to ethkikes

[Anonymous No.29149306]

>>29148752
?
Both a centralized and decentralized system have their benefits and downsides, the reason I am hoping for a decentralized currency to become mainstream is that we ONLY have centralized systems, not that one is superior in every way to the other.

[Anonymous No.29149314]

>>29149147
You know that no one is forcing you to buy the top of shitcoin pumps, right?

[Anonymous No.29149360]

>>29148752
but the power of CZ's autism will save us from the jews, it's ok anon

[Anonymous No.29149369]

>>29148752
i'm with you op. i hope bsc bubble pops soon.

[Anonymous No.29149393]

>>29148752
Wtf is a crypto?

[Anonymous No.29149515]

>>29148966
but you faggots shill BNB.

-centralized exchange
-chinese but too sketchy for china so they are in malta (apparently)
-tokens not mined, essentially created from nothing, that is printing money no different than you faggot governments.

so what was that you were saying about centralized networks is what is exactly wrong with our current system?

[Anonymous No.29149656]

>>29148966
But crypto is still much more transparent. I think that's the point. The current system would be okay if everyone could see what was happening at all times. So these pseudo DeFi networks that still use the same rules but use centralization are okay in my book. It's working that's what matters and puts pressure on true DeFi.
At the same time if CZ pulls anything shady his business collapses as people will eat the bullet and go back to ETH fees as Eth was proven right all along. It's a balance imo

[Anonymous No.29149696]

>>29148966
>He thinks crypto is the product of some elderly Japanese man in his mother’s basement and not a decade long project of the global elite
Holy shit this is the most obvious sell signal I have ever seen

[Anonymous No.29149759]

The final red pill is that not only does decentralization not matter, the very token itself does not even need to exist, or even be planned to ever exist.

99.9% of trading is all on CEXs and 99% of people have never sent crypto to an external wallet. Do you honestly think Tesla is dicking around with Metamask? No.

The same is even true of stocks, and precious metals as well. You could run a few articles about a new element called asspullium being discovered, create an eye or stock symbol for it, and people would trade it all the same. Even stonks are just numbers on a computer screen, no one really knows or cares if the companies related to them even exist. Market trading is nothing more than capitalizing on peoples feelings, and passions of man do not have as a prerequisite the true nature or even actual existence of their subject.

[Anonymous No.29149761]

>>29148752
>devs have had 12 years and still can't prove that decentralization is scalable

[Anonymous No.29149923]

It’s not. Hedera Hashchads will pass Bitchloins in mcap by 2023 cap this

[Anonymous No.29150274]

>>29149759
I remember an interview with a chinese stock trader years ago, they asked him what the actual value of the company he had just bought into was and he just laughed and said "who cares? As long as it's going up"

I thought that was everything that was wrong with the world but it seems to be the norm now. Nobody asks "what's the crypto with the best chance of adaptation", "what's the crypto with the best real-world use case?" Nope, its "what will moon next"

[Anonymous No.29151186]

>>29148966
Any coin is gameable by the elite. Ever been the victim of a whale dumping on a brand new coin? Imagine that scenario but with a billionaire shitting on a $900M mcap coin.

[Anonymous No.29151827]

>>29150274
Indeed. We are all dragged down to the lowest common participating denominator. It may be what is wrong with the market, but it is still part of the market and its not going away. We can complain about it but we have to live with it, and therefore we might as well capitalize on it.

It's similar to politics in that sense; ruined by the eternal normie. I'd love to live in a world of reasoned debates, high IQ arguments, and detailed policy discussions. But that does not resonate with normies, so even people that hate it have to engage in hypocrisy, sound bites, out of context quotes, and absolute bottom-feeder IQ arguments about dumb crap no serious person cares about like politicians personal tax returns or Ukrainian escort footjobs.