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RE: LeoThread 2023-08-09 11:31

in LeoFinancelast year

If cryptocurrencies are forced to become centralized then

what'sthe point of blockchain and crypto?

Isn't that like stock market back again?

#hive #leofinance

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Fully decentralized cryptos (with anonymous and more democratic community governance) cannot be centralised. Choose your coins carefully.

How's the Matrix8 solution coming along?

Just sitting there waiting for peeps to come and build it.

i have many refinements in mind to imprive further including the "one man one vote" issues (but vote could be weighted based on Reputation) which @acidyo spoke of recently.

Oh ok, I thought development was in progress.

WellWell, i thought so too, by Lethean lead dev, but i've not jd any answers from him or the team for many months so i have some doubts.

Even if it is still in progress there will be mmore development needed for use cases other than Lethean intends to use it for. But @snider's work is FOSS so at least there will be a starting point. Keeping fingers crossed. #matrix8

You cannot centralized Bitcoin, Hive, Bitcoin Cash... be carefull with the projects do you involve

Crypto will become more like traditional assets. There is more efficiencies in crypto and that will be utilized. The wild west is gone and until the powers that be allow actual decentralization we will have to play in their world.

The problem so far with crypto.

We are effectively recreating the traditional financial system. This is where decentralization has to be a value. Sadly, mooning and lambos are more important.

Perhaps finance may not be able to be truly decentralized, best of both worlds are between the intersection, this is what I believe in finding the common ground.