Posts

avatar of @jerrythefarmer
25
@jerrythefarmer
·
·
0 views
·
1 min read

Seeing people getting absolutely demolished on leverage trading on a daily basis somehow justifies the need for stricter regulation for me but boy have we strayed far from the original idea.

If someone told me that Binance will have its own centralized chain that will be used by millions of people just three years ago I would discard it as a joke. The same goes for any other CEX but look where we ended up today.

The masses don't care about decentralization. They are here to try and make as much money as possible as quickly as possible. In that process, they end up using whatever is affordable to them and BSC should be a big reminder for the whole industry. If user experience doesn't follow the pace of development we will end up in situations where the middle man is making even more money using our own tech.

All aspects of an entity need to be looked at. The new model has to be decentralized and distributed.

This is a point that leaves me with a lot of questions. When we look at the leading blockchains today most of them aren't even decentralized properly. Yes, they have clear plans on how to fix that but the ETH chain rollback was a big event that won't be forgotten. What happens when people start asking questions and find out about pre-mined coins that far too many chains have?

Really looking forward to see how SPK is going to evolve though. Still didn't have the time to dig deeper into it so this will be a good reminder.

Posted Using LeoFinance Beta