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1) Think from their perspective. They have very little upside for integrating with cryptocurrency platforms. It adds nothing to the bottom line. If anything, it

1) Think from their perspective. They have very little upside for integrating with cryptocurrency platforms. It adds nothing to the bottom line. If anything, it subtracts from their bottom line, due to the added compliance work required to prevent crypto money launderers. 2) Stop saying crypto is decentralized. The vast majority of cryptocurrencies are mined by a small minority, and most participants have zero say in the direction of each currency. Yes, you can have a "decentralized" architecture, but not "democratization". Crypto-space ended up with an oligarchy.

juicyfroot 9y ago
1. It's YOUR money and property. May as well have government prevent you from wearing gloves because there is extra work to make sure you do not use gloves in a crime. 2. It is decentralized. Anyone is free to trade, free to mine, free to fork. No papers needed Sounds like someone is a bit upset they didn't spend a few $100 or few $1000 when BTC/BCH/ETH was cheap.
trakout 9y ago
#2 is way off. By definition crypto is decentralized. Currencies that currently have the highest market caps (read: most popular) also tend to be open source -- anyone can contribute, and anyone can run a node and perform PoW/PoS contributions. There are exceptions (XRP), but for the most part your comment reflects a misunderstanding of "crypto-space".
- thinkmassive 9y ago
  Measuring decentralization is a significant issue in the crypto space. Here’s an interesting article from Earn.com (formerly 21.co) https://news.earn.com/quantifying-decentralization-e39db233c28e https://news.earn.com/quantifying-decentralization-e39db233c... If anyone knows of similar articles or studies please share them.
- jhwang5 9y ago
  If you read my #2, I basically acknowledge that crypto is decentralized. What I argued is that decentralized does not mean what the vast majority of people thinks it means, which is that it makes financial system more democratic. Many including myself are taking exception to that misconception.

juicyfroot 9y ago

1. It's YOUR money and property. May as well have government prevent you from wearing gloves because there is extra work to make sure you do not use gloves in a crime. 2. It is decentralized. Anyone is free to trade, free to mine, free to fork. No papers needed Sounds like someone is a bit upset they didn't spend a few $100 or few $1000 when BTC/BCH/ETH was cheap.

trakout 9y ago

#2 is way off. By definition crypto is decentralized. Currencies that currently have the highest market caps (read: most popular) also tend to be open source -- anyone can contribute, and anyone can run a node and perform PoW/PoS contributions. There are exceptions (XRP), but for the most part your comment reflects a misunderstanding of "crypto-space".

thinkmassive 9y ago
Measuring decentralization is a significant issue in the crypto space. Here’s an interesting article from Earn.com (formerly 21.co) https://news.earn.com/quantifying-decentralization-e39db233c28e https://news.earn.com/quantifying-decentralization-e39db233c... If anyone knows of similar articles or studies please share them.
jhwang5 9y ago
If you read my #2, I basically acknowledge that crypto is decentralized. What I argued is that decentralized does not mean what the vast majority of people thinks it means, which is that it makes financial system more democratic. Many including myself are taking exception to that misconception.