Q&A #1 What are benefits of cryptocurrency technology? Jaký je přínos technologie kryptoměn?
Q: Why are there so many projects using cryptocurency technology? What is their contribution?
A: It is true that all applications that are now being developed on cryptocurrency technology have existed before cryptocurrencies. However, they are centralized. The state can limit them by regulations. If they did not obey to the regulator, the regulator would simply close them. Applications using cryptocurrency technology are decentralized, and can not be closed. The regulator can not punish the owners. The Owners are the holders of that cryptocurrency. Decentralization is not free, it is more expensive than data changes in a centralized database. But that's just a first glance. Decentralization is insurance against interference with the worst disaster - the state.
Otázka: Proč vzniká tolik projektů využívajících technologii kryptoměn? Jaký je jejich přínos?
Odpověď: Je pravdou, že všechny aplikace, které se nyní na technologii kryptoměn rozvíjejí, existovali před kryptoměnami a fungují. Nicméně jsou centralizované. Stát je může omezovat regulacemi. Pokud by neposlechli regulátora, ten je jednoduše zavře. Aplikace používající technologii kryptoměn jsou decentralizované, nejde je zavřít. Nejde postihnout jejich majitele, to jsou držitelé té kryptoměny. Decentralizace není zadarmo, je dražší než změna dat v centralizované databázi. Ale to jen první pohled. Decentralizace je pojištění proti zásahům té nejhorší žívelné katastrofy - státu.
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What do you think of the fact that for most of cryptocurrencies, although they are in its essence decentralized, still the true is that small number of users hold large volumes of coins. Therefore those cryptocurrencies are also easy to manipulate by large fishes.
Reputation is very important for each cryptocurrency. When some big golder try to manipulate with price of coin, pump and dump, the reputation of the cryptocurrency is decreased. This owner gets short time profit and lost long time profit.