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BetaDoggo_

@BetaDoggo_@lemmy.world

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BetaDoggo_ , to Anarchism in Centralize decentralized (cryptos)

Crypto hasn't been decentralized for a very long time. For most coins large miners/pools have control over the transactions. Proof of stake is far worse. Most coins are traded via centralized exchanges as doing anything on chain is slow and often has high fees.

Blockchain in its current form is not the answer for decentralized value exchange. I'm not sure if a proper decentralized currency can even work in practice. Currencies must be backed by something to have a stable value. In nearly all cases you need a central entity that will guarantee a currency's value.

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