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No bonus New Year from Binance? OMG, stuck in the midlle of cryptonomic.........
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Alther
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The biggest lie of crypto projects. Decentralization is the basic nature/concept of crypto existence, but the funny thing is that most crypto projects are not fully decentralized where everyone creates their own terms/rules. So do current crypto projects deserve the word decentralization? The reality is very clear, many crypto projects today are not truly decentralized. Here are some of the main reasons crypto projects don't deserve to be called crypto projects that are supposed to be decentralized: 1. Influence of Development Team & Early Investors Many crypto projects are still controlled by a core team or early investors who own a large portion of tokens, allowing them to influence decisions on the network. 2. Not Fully Open Governance Despite the concept of DAO (Decentralized Autonomous Organization), in practice, voting in large projects is still influenced by the largest token holders, which are often the core team or venture capital (VC). 3. Networks that Still Depend on Certain Entities Some blockchains still rely on infrastructure controlled by certain entities, such as nodes owned by a handful of parties or servers managed by certain companies. 4. Developer-Driven Rules Many projects have mechanisms that allow the core team to change the rules at any time, which goes against the principle of true decentralization. This happens a lot with newer projects. So, do current crypto projects really deserve the word "decentralized"? In theory, many claim to be, but in practice, most still have a strong element of centralization. If we want true decentralization, then projects must meet a few key principles: - Fair distribution of token ownership - Governance that is truly community-managed - Infrastructure that is not dependent on a single entity - No authority that can change the rules at will Currently, there are very few projects that actually meet these standards. Most are still in the grey zone between decentralization and centralization. -===-
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Crypto will not be able to replace traditional financial systematics, where in the end only the technology will be used. Why is that? Not because of its decentralization or anonymity, but because critics are unwilling to unite and instead compete with each other to destroy the increasingly pathetic existence of crypto. The level of trust is the main benchmark in taking the word of adoption, and the general public, both the elderly and millennials, have already realized the level of lies in all projects that run in the word of crypto use. Without exception...
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The destroyer of the financial world is the system of monopoly money, and the form of monopoly money in crypto is #memecoin.
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In Islam, money is likened to blood in the body-it must keep flowing to keep the economic system healthy. If money just sits around without being used or distributed properly, it will cause problems, such as social inequality, economic stagnation, and wealth inequality. This is why the concepts of zakat, sadaqah, halal investment and fair trade are highly emphasized in Islam. Good money circulation will bring benefits to the wider community, drive the economy, and avoid the accumulation of useless assets. In Islamic economics, this principle is also the basis for the prohibition of usury and the recommendation to invest wealth in productive and halal businesses. That way, the economy is not only oriented towards individual profits, but also blessings and mutual prosperity. #currency #money
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Fed up with the state of Airdrop's existence so far. Overall, none of the Airdrops that came after 2017 became an Airdrop that was actually worth participating in. #cryptodying
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