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RE: CryptoFreedom Not Cryptocurrency

in LeoFinance4 years ago

I feel like bitcoin will be replaced at some point. The reason being it's very centralized in terms of the amount held by a few people. I'm not sure if you will ever get away from that though. Just like here on Hive it's centralized or even Leo to the top 100 or so that got in early and invested heavily. This always creates figureheads or a majority that hold the most. Unlike some other platforms though Hive and Leo we have the ability as those higher stake holders to spread that wealth via upvotes. Hive however at least to me seems FAR more centralized and I believe the token tribes hold the key instead. Above all everyone should be taking action as much as possible. You owe it to yourselves.

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Even if BTC is topped in the future, I do think it will still probably be the most stable crypto. I don't think BTC will get hit by a 51% attack at all but who knows since the halving keeps decreasing the new BTC minted.

I do think 2nd layer tokens are much better spread out and HIVE does seem to have an issue where the top witnesses have a heavy weight in what is funded or not. I saw it when the HBD stabilizer project got a ton of the funding and it removed funding from some of the good projects.

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BTC will remain but it will be in the hands of the elite. This is not going to change. We see the trend and it is not going to reverse. In fact, we are just at the starting point.

We will have to have everyone focused upon something else. This is why the Hive and the other tokens that actually apply to something that people use are vital.

It helps to offset the casino somewhat.

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