While I am for a capitalistic free and fair market, look what power and greed lead to (Amazon, Walmart, investment firms, Airlines, legal, and anything else “Big 4” or “Big 6”). One may argue that “large companies have the manpower to innovate” true, but so does an open source platform… probably more efficient and less bureaucratic that way as well. Or “big companies do work in bulk thus making products cheaper or more efficiently” true, though that comes with a price. The price being push out the small guys because the big company can do it cheaper. But when does this “cost and resource saving” efficiency cut into quality? All for an extra raise for the few within the company?
Decentralization would allow for EVERYONE to compete fairly without one single entity holding controls
Open source allows for EVERYONE to help improve and reduces back end fuckery with transparency.
I believe this is why some governments HATE crypto. I also believe that this is the way of the future. Disagree?? State your objections.
As far as a currency I don't see how decentralization solves anything. Will it stop manipulation? How? I keep hearing all the great taking poi ts of decentralization but beyond all the hype I Gail to see the bonus a credit card doesn't already give.
Transparency is the real key I believe
A good example is, who controls your credit card?? Chase? AMEX? Visa? And if they don’t like you, or a group of us, they can easily cancel and make lives miserable. BUT, let’s say your favorite store has THEIR OWN version of perks and LOC through THEIR credit card, then we have a much different scenario. Manipulation? Maybe, maybe not. But people will see fuckery if fuckery is attempted and that’s important when it comes to prosecuting someone
Who carries your block chain based visa? Another company right?
The block chain is all about ledgers and contracts. You still have to have software controlling it.. right? Just because something is on the blockchain doesn't meN you can't be banned or have their access pulled.