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Probably that it’s very centralized. Or at least that the price is able to be highly influenced by a few individuals/groups.
by JoBrad 3y ago
Probably that it’s very centralized. Or at least that the price is able to be highly influenced by a few individuals/groups.
- MuffinFlavored 3y ago[flagged]
- cft 3y agoThey have a very strict automod to protect their echo chamber. Post it there and you'll find out lol
- BlueTemplar 3y ago[flagged]
- tric 3y ago>Probably that it’s very centralized. Or at least that the price is able to be highly influenced by a few individuals/groups. The article and the parent comment are about Ordinals. Your comment appears to be an opinion about Bitcoin the asset and/or network itself.
- JoBrad 3y agoNo, I was talking about Ordinals. FTA, right after the parent's comment: > However, we notice that by spending only 0.005% of the total Bitcoin supply on transaction fees, a single entity can significantly impact the entire Blockchain regime.
- tric 3y agoThat quote is about "Bitcoin supply" and impact to the "entire Blockchain regime" (ie the Bitcoin blockchain), not Ordinals. Regardless, Ordinals is not centralized. See the correction in the article.
- agentgumshoe 3y agoI think this is the point that gets missed in arguments about state actors being involved. That doesn't matter, what matters is that very few people (e.g. miners, exchanges, whales, etc) can determine very large outcomes for cryptocurrencies, with no way to avoid them.
- fdhfdjkfhdkj 3y agoThe only way to win is not to play