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RE: What is cryptocurrency Centralised to?

in #vyb3 years ago

Comparing crypto value to price is the greatest limitation cryptocurrency is facing right now

Butter truth
A real value it's on how useful it is(a coin)

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Bitcoin had same utility with Fiat.
Other cryptos like ethereum evolute the system of cryptocurrency and bring utility before other altcoin follows.

I am convicted of a fact that hive blockchain is centralized in a Decentralized form😒.

Your account can be banned and controlled so why decentralized?

This is a disadvantage I do see here

That's doesn't make it not decentralized.

It's all done because of protection

Correct
Hive, does not look like a Decentralized platform
You can be muted against your will

This is because of hive being a social media to have rules and regulations to keep hive standard

I understand this
But my fear of it being centralised might limit it in blockchain world

Maybe the reason behind decentralization of hive was for descipline purpose

Bringing defi,games,nfts,curation,web3, metaverse, lending and borrowing as the real utility of crypto.

Crypto utility or usecase has reduced the volatility of crypto market cap compared to few year back.

With time the utility of cryptocurrency will springforth most especially when the reign of metaverse begin

No
Bitcoin is better than feared don't compare them they are far different from each other.

True fact

Fiat has no advantage over Bitcoin
No at least nothing

Still some people who believe Fiat over Bitcoin due to lack of knowledge.

They aren't part of the next generation that will rule the future

Bitcoin is the real decentralization
Ethereum and altcoin are slightly centralised by the creator

Don't ever think of saying Bitcoin is same as Fiat🤣🤣

A real value it's on how useful it is(a coin

Then why do coin with great utility die and ones with less utility have value now

A great example now is the rate at which play to earn project are going down is too much despite thier utility

Due to lack of Community and marketing,they aren't recognised