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> remove the corruption and the unfair advantage some actors in the finance industry enjoy only to put themselves in the very same seat, but without any actual
by chii 4y ago
> remove the corruption and the unfair advantage some actors in the finance industry enjoy
only to put themselves in the very same seat, but without any actual regulatory oversight.
- borissk 4y agoHow is it the same seat? The creation of new coins is ruled by algorithms, not by well connected people.
- chii 4y ago> ruled by algorithms, not by well connected people. the earlier coiners gets a lot more. Just like today's financial institutions have gotten there by just being around early enough to have captured a lot more. All i see in bitcoin (and etherium) are just people who wish they were those old bankers.
- pjc50 4y agoAnyone can create a new coin and rugpull it. This is not an improvement.
- UncleMeat 4y agoAnd those algorithms are largely driven by well connected people.