About Coin |
The concept of decentralization has been lost to some of us over time,
those who forgot why Bitcoin was created, the issues blockchain and cryptocurrency is meant to solve.
To be decentralized means there is no single person, entity, nor group which has ultimate control nor
benefit over a system/
In a decentralized system, there is not one man who via desire or persuasion could cripple the system in any meaningful way
This means from both a technical standpoint (i.e, a developer who can stop trading, or disable the protocol through the use of smart contracts)
and a financial one (e.g, an entity who has n+1 (infinite) tokens, and could dump them if they so wished, but decides not to.)
That is not to say that a proper decentralized system is without whales nor its own cornerstones.
There are always those that may have a greater affect upon a network, or 'matter' through entropy or their own hard work. |