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Well, most of them aren't private. So, that doesn't work either.
by jmprspret 4y ago
Well, most of them aren't private. So, that doesn't work either.
- qeternity 4y agoOf course they are. Private in this context means non-sovereign.
- jmprspret 4y agoIn the context of cryptocurrency, "private" can mean a lot of things.
- tromp 4y ago> public coins in the sense of government backed currency and we get private coins in the sense of company backed currency We don't call them that because blockchain (as originally intended) should be not be company backed. > I think we can catalog most of the companies in the crypto scene in this part. Yes, we still have foundations (ETH), but let's be real, they are not the majority. Ignoring that with its 70% premine, ETH significantly deviates from the decentralization ideal, Bitcoin and Ethereum together do form the huge majority of the cryptospace.
- Anunayj 4y agoWait... ETH had a premine? and with their move to PoS, It's basically a recipe for Rich becomes Richer. How do people not see the clear signs of a pyramid scheme wtf.
- MafellUser 4y agoWell just call them privatized coins, all problems solved!