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#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 --
by 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 agoMeasuring 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 agoIf 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.