But doesn't it violate the whole point of cryptocurrency that is Decentralization. If government and the oil companies are controlling it then we can't consider it as crypto..
You are viewing a single comment's thread from:
But doesn't it violate the whole point of cryptocurrency that is Decentralization. If government and the oil companies are controlling it then we can't consider it as crypto..
I mean, USDT is backed by a centralised bank account. It's still a cryptocurrency, just not a fully decentralised one as the value is centralised.
Fair enough..
It will be a coin supported by a market. There are many like that even the not too famous Pot Coin. There are, as now, Cryptocurrencies: 1384 / Markets: 7540
Market Cap: $827,531,880,944 / 24h Vol: $46,449,067,514 / BTC Dominance: 34.7% (Few months ago, it was above 50%).
Thanks for the insight...