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RE: Understanding Decentralization: An Introduction

in #steemit7 years ago

Thank you, @bbilgin.

I want to diversify a little bit to interesting projects with more upside potential. So, I'm looking forward for your posts!

I hope you would find them useful. I have been investing for 15 years. I have never seen such an opportunity like cryptos. We are lucky to witness the dawn of new world economy.

They could literally do whatever they wanted. They could delete your Bitcoin address and confiscate all of your Bitcoin holdings. Worse than that, they could ban you altogether from their network. That meant you would lose all of your savings and you wouldn't be able to receive money from anyone else.

That sounds like a very bad nightmare. Unfortunately, we are living such a nightmare and we got used to it.

I will try to elaborate more on the problems with centralization in my next post.