Crypto Is Not Decentralized!

Here's my argument for why cryptocurrencies for the most part are not decentralized in the way most people assume they are when they hear the term. There is a centralization when it comes to the knowledge and intelligence as far as coding and the intricacies of the block chain network. In most projects, the developers call the shots. Analysis of the estimation of hashrate distribution amongst the largest mining pools shows that it's mainly concentrated in China. NFTs certainly are not decentralized since Yuga Labs owns Bored Apes, Cryptopunks, and Meebits! Just because it's dudes making money and not wallstreet hedgefunds (although they probably are now) does not make it decentralized.

Let’s talk about it in the comments section…

Get Square for Payment Processing for your Business…

Use code: ZSVCHFF to Get $5 when you sign up with Cash App…

***I am not a financial advisor or crypto advisor; this video is meant to be used for entertainment purposes only and represents only my personal opinions***

Connect with us here:

#Investing #blockchain #nfts

[junkflex]

You do not understand what a mining pool is in regards to Bitcoin.

[Fundamental_Islam.]

So are you saying that developers can change the code and hence manipulate the system?

[ayno]

The pools you mentioned are open source, which means anyone from their home pcs can join them and help the network 🤦‍♂️ they're decentralized and blockchain is decentralized.

[SmoothHov]

Emergent centralization is a serious problem.