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Doesn't blacklisting funds go against the main idea of a decentralised crypto currency? What's the point of replacing the traditional banking and monetary syste
by EveYoung 5y ago
Doesn't blacklisting funds go against the main idea of a decentralised crypto currency? What's the point of replacing the traditional banking and monetary system with something where funds could be devalued by the decisions of a few individuals?
- cowvin 5y agoYep, crypto is more or less the same as traditional finance in this sense. A few powerful individuals already control a disproportionate amount of the crypto world. Like the sketchy folks who run Tether and Binance at the same time. Or Elon Musk tweets raising and lowering the value of Bitcoin by a significant amount. Even Bitcoin itself is largely held by just a few people. It's just another tool for billionaires to get even richer.
- mdoms 5y agoAs it turns out most users of decentralized currencies don't actually want decentralized currencies when they get a taste of what that really means.