What is cryptocurrency Centralised to?
Who are the rulers of this crypto world
As everyone knows that cryptocurrency is a decentralized (not onwed by any third party,or individual groups etc) money but for the one who holds it.
Why is crypto decentralized? It's because it's built on a new technology in 2008 called the blockchain technology. Blockchain is a decentralized programming built for total freedom and security from third party(not banks alone but to enhance great privacy to users).
But why my topic if crypto is decentralized?
From my thinking perspective, "anything Decentralized to something is centralized to another".
Looking from physical perspective blockchain is completely decentralized but from my stand point, cryptocurrency is being controlled and manipulated by some people. It's not the people's choice to control it but people who owns it gave up thier will willingly to be influenced by crypto influencers. This is why people like Elon musk would say good thing about crypto and everyone would go and buy.
If micro strategy decides today to sell thier Bitcoin,you will see the bear market that will occur.
The price will drop not because micro strategy dumped it but because people dump it because they thought that others will do the same.
Why is everyone buying and rush into a crypto project because an identity talked about it?, it's not mainly because of the person who talked about it but people jumps into it because they taught others would do the same.
So I thought of this so much and I was thinking what way would make no one to manipulate market?
THE SOLUTION I CAME UP WITH
The reason why it's easy for a crypto influencers to manipulate market is because people don't see the real meaning of cryptocurrency.
They taught cryptocurrency is all about loss and gain but don't realize that cryptocurrency is the future of true money and utilities.
I don't compare 1 Bitcoin to $45,000.
To me 1 Bitcoin is 1 Bitcoin.
The value of 1 hive to me is 1 hive irrespective of its value to Fiat.
1 Bitcoin is different from 1 hive and Bitcoin can't do what hive does as in you can't use Bitcoin to curate in hive but you can use hive.
Same that you can't use hive as ether gas fee because 1 ethereum is not 1 hive.
This is the utility of cryptocurrency and the true value of cryptocurrency
But unfortunately people see the price only.
Fiat currency looses value everyday but utility is the real value of crypto.
"Comparing crypto value to price is the greatest limitation cryptocurrency is facing right now because cryptocurrency is about utility* with time cryptocurrency would be priceless this is true money
Thanks to @onealfa and @insight.pob for using #tag #vyb_pobstreet.
Best content I have ever read
Nice keep it up.
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Thanks for the information
You're welcome @knowledge23.pob. Stay safe!
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Butter truth
A real value it's on how useful it is(a coin)
Bitcoin had same utility with Fiat.
Other cryptos like ethereum evolute the system of cryptocurrency and bring utility before other altcoin follows.
Bringing defi,games,nfts,curation,web3, metaverse, lending and borrowing as the real utility of crypto.
Crypto utility or usecase has reduced the volatility of crypto market cap compared to few year back.
With time the utility of cryptocurrency will springforth most especially when the reign of metaverse begin
I am convicted of a fact that hive blockchain is centralized in a Decentralized form😒.
Your account can be banned and controlled so why decentralized?
This is a disadvantage I do see here
That's doesn't make it not decentralized.
It's all done because of protection
Correct
Hive, does not look like a Decentralized platform
You can be muted against your will
Maybe the reason behind decentralization of hive was for descipline purpose
This is because of hive being a social media to have rules and regulations to keep hive standard
I understand this
But my fear of it being centralised might limit it in blockchain world
It's Decentralized
No
Bitcoin is better than feared don't compare them they are far different from each other.
True fact
Fiat has no advantage over Bitcoin
No at least nothing
Still some people who believe Fiat over Bitcoin due to lack of knowledge.
They aren't part of the next generation that will rule the future
Bitcoin is the real decentralization
Ethereum and altcoin are slightly centralised by the creator
Don't ever think of saying Bitcoin is same as Fiat🤣🤣
Then why do coin with great utility die and ones with less utility have value now
A great example now is the rate at which play to earn project are going down is too much despite thier utility
Due to lack of Community and marketing,they aren't recognised
Cryptocurrency is manipulate by the one that has it more.
Yes cryptocurrency is always manipulated by the whale ,developers and those with influence
This is the price to pay.you must buy in which every one has the access literally
Yes you are right
Taking risk irrespective of the disadvantage brings great gain
More of money printing
But Russia have tied thier Fiat to gold
This would help because Putin did this and you can't continue idea president forever.
There is a chance that everything will become normal
Utility is the real definition of crypto
Yes absolutely true
My question is that how can cryptocurrency stop being compared to Fiat?
Utility and Community are the power of cryptocurrency.
any cryptocurrency that we stand in the next 10 years are cryptocurrency with a very high utility
#topic
💰 Biggest Disclosed Bitcoin Treasuries:
By next couple of months TerraLuna will be the Biggest #Bitcoin holder.
Bad or good?
Now micro strategy,luna,el savador etc has have been buying bitcoin lot.
i was first happy and bullwith this ne2s but i realised that they are holding too much which can be a bad news for bitcoin and cause manipulation.
MICRO STRATEGY now holding close to 1% of total btc in circulation and still buying.
am now afraid they don't buy up to 10% and btc being controlled by whales
Dumping by 1% isn't a full even people want to notice that.
Yes 1% is not much but the rate at which they are moving I hope they don't hold up to 10%..
If 20 people hold 1%, it's not a good sign
It start little by little
If you combine all the way together they can all harm bitcoin market
Yes
This is what I also thought of.
Even 100 whale can affect market
Am not saying this for short-term but it's a hindrance for a very very long time of centuries
They can only affect the crypto market through they are influenced they have
Them holding that high number of Bitcoin will definitely give them influence that they need to manipulate
This will affect in more years to come when btc is reducing from circulations through lost btc
All of these has no effect on Bitcoin
It is something that can't be avoided.
It's a choice everyone have
Terra Luna who's on top the list.
I had today get a loan of 10 billion dollars to buy Bitcoin
I don't believe this news
Loan?
This news is true
Terra Luna wanna gets loan of 10 million dollars
Not too sure of this news
It's from an unknown source tho
Not sure
I just saw it from an unknown source
It's not true
Nothing of sort loan
Elsavaldor holds how many?
They buy the most
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I hope this is the view of bitctbut it seems Fiat is still dominating