Crypto Is Not Decentralized - Deepstash
Crypto Is Not Decentralized

Crypto Is Not Decentralized

Even in terms of this decentralized crypto, who did we reward? We rewarded the big, centralized crypto trading platforms. We rewarded the people who initially minted all the crypto currencies and ended up with the pyramid scheme where they were the ones at the top who built the NFT (nonfungible token) marketplaces. There are stories about somebody who sold an entity for a lot of money, but mostly the really big rewards have gone to the people who are able to centralize the new market.

7

28 reads

The idea is part of this collection:

Introduction to Web 3.0

Learn more about crypto with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates