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by ChainOfFools
1893 days ago
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this is actually impossible because all cryptocurrencies necessarily start out maximally centralized, and "decentralize" gradually through the distribution model. the problem is that this creates at best a concentric circular pattern of ownership (and thus leverage over liquidity), even if everyone involved is completely honest and ownership is 100% transparent. in reality it's far worse than that because pseudo anonymous address ownership means claims of "fair distribution" cannot be trusted let alone proven. decentralization is a mirage. |
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