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by jmprspret 1491 days ago
Well, most of them aren't private. So, that doesn't work either.
2 comments
qeternity 1491 days ago
Of course they are. Private in this context means non-sovereign.
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tromp 1491 days ago
> public coins in the sense of government backed currency and we get private coins in the sense of company backed currency

We don't call them that because blockchain (as originally intended) should be not be company backed.

> I think we can catalog most of the companies in the crypto scene in this part. Yes, we still have foundations (ETH), but let's be real, they are not the majority.

Ignoring that with its 70% premine, ETH significantly deviates from the decentralization ideal, Bitcoin and Ethereum together do form the huge majority of the cryptospace.

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Anunayj 1490 days ago
Wait... ETH had a premine? and with their move to PoS, It's basically a recipe for Rich becomes Richer. How do people not see the clear signs of a pyramid scheme wtf.
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jmprspret 1487 days ago
In the context of cryptocurrency, "private" can mean a lot of things.
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MafellUser 1491 days ago
Well just call them privatized coins, all problems solved!
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