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>The idea to get rid of having to trust centralized organizations might sound tempting, but it doesn’t work: Blockchains don’t get rid of “trust”, they just cha
by plaguepilled 4y ago
>The idea to get rid of having to trust centralized organizations might sound tempting, but it doesn’t work: Blockchains don’t get rid of “trust”, they just change, who has to be trusted.
More people need to read this. Developers can betray trust too, and I'm a little tired of reading "In a shocking turn of events, new cryptocurrency previously supported by Seemingly Trustworthy Source is actually a pump-and-dump. More news at 11."
(A nonexhaustive list of examples: Save The Kids, Tether, Safemoon)
- quickthrower2 4y agoAlso there is a short list of ERC20 tokens that are not pump and dumps.
- rgallagher27 4y agoThe classic crypto phrase "choose the team". When the team consists of one person with a monkey as their profile picture and no other details other than he's rich, another is a 20year old 10x dev who's been creating smart contracts "for years", one's the cool looking marketing genius who posts on twitter a 1000 times per hour and the rest is made up of stock imagery of middle age white men who are the "advisory board"
- plaguepilled 4y agoNot sure that holds. By that logic, Bitcoin (based on the idea of an anonymous dude no longer contactable) and Ethereum (which has split into Ethereum and Ethereum classic and has a documented history of going back on things that have been promised) are out. Can you be a bit more specific about what it means to "choose the team" according to best practices?