What Happened to True Decentralization? How the Bed of Politics Hurts Cryptocurrency

What Happened to True Decentralization? How the Bed of Politics Hurts Cryptocurrency
фото показано с : zycrypto.com

2022-6-10 17:57

Remember all those moons ago when the only real issue with the crypto market was how other nations were getting, or not getting, involved? When the thrill of an economy free of regulation and of reflecting Wall Street, was seemingly possible. A lot has changed, however, despite the fading of decentralization, there are glimmers of hope, as well as analysts, who believe crypto will bounce back.

After all, this is the nature of the beast. NFTs have made their mark in the cryptoverse as well as the crisis in Ukraine, and United States inflation. Stadiums have crypto-related names, more major retailers accept crypto and many retirement accounts offer cryptocurrencies. Money managers and investment firms have started to take cryptocurrency seriously, wined and dined it then added it to their artillery of investments offered; moving crypto closer to Wall Street’s dancefloor.

Before the US government zeroed in on cryptocurrencies, seemingly, healthcare reform, and social media moderation was on the table yet fell to the wayside. In some parts of Asia, cryptocurrency was found helpful during times of economic distress. The average citizen could invest in something and actually support their families regardless of their low income. The same is true for those in the United States. People felt, despite the bullishness, safer in a Digi-economy than in stock markets.

Too many rug pulls? Crypto shadiness including money laundering, and embezzlement? Well, these events are certainly not exclusive to this community/industry. This happens in politics even if bitcoin didn’t exist. And why is it expected that a group of lawmakers will ever understand blockchain? If they had a true grasp of the technology, they’d realize it could be utilized in a plethora of facets; as already proven within the healthcare system’s hospitals and labs. It could help with distribution and more.

But again, seeing the pattern, it’s clear this is nothing but a money grab and a way to prevent citizens from saving up independently for their future. Retirement no longer exists for the middle and lower classes, and “take-home” salaries after taxes, simply aren’t enough to live on for a majority of families.

Everyone is watching the dipping, then rising, then dipping market trying to regain its balance. There are still glimmers of hope while analysts grapple to find projectors. The cryptocurrency sphere was never intended to reflect inflation, the stock market, or combats.

Ultimately, this is simply a new and crazy era, however, based on the crypto market’s history as a whole, it will soon pivot and learn to adjust. Not only will it have to, but it also wants to. Keeping the faith, speaking with different crypto-communities, and mustering the strength to “hodl”, all help in the effort to make cryptocurrency strong again. Bitcoin et al, are not going anywhere. No crash will ever dismiss the utter importance of the market/tech.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

WHEN Token (WHEN) на Currencies.ru

$ 0.0008393 (-1.26%)
Объем 24H $4.494k
Изменеия 24h: 2.32 %, 7d: 11.19 %
Cегодня L: $0.0008182 - H: $0.0008393
Капитализация $0 Rank 3064
Доступно / Всего 0 WHEN

getting when involved thrill nations free street

getting when → Результатов: 126


Tony Hawk’s upcoming NFT project to feature physical skateboards

Tony Hawk is a skateboarding legend, and the recent announcement that his forthcoming NFT project will feature physical NFTs is getting fans excited Fly Tony, Fly Odds are, when you think of skateboarding, one of the first names to come to mind is Tony Hawk, and to say that Hawk is a skateboarding legend would […] The post Tony Hawk’s upcoming NFT project to feature physical skateboards appeared first on NFT News Today.

2022-4-19 06:26


Фото:

SimpleHold Cryptocurrency Wallet Review

When dealing with a blockchain, security is paramount. Despite the fact that the word is embedded in technology, we must be extremely vigilant and cautious when it comes to our assets. What if you’re just getting started with cryptocurrency? What should you do initially, and how can you reduce your risks? The solution is a […] The post SimpleHold Cryptocurrency Wallet Review appeared first on NullTX.

2022-2-16 14:54


Фото:

SEC Chairman Warns $2 Trillion Crypto Market Isn’t Going To End Well If It Stays Outside The Regulatory Space

The cryptocurrency market is getting heated. September saw a lot of bearish events and has in return sparked a lot of debates on when proper regulation will hit the market. Amidst the ongoing conversation, the chairman of the Securities and Exchange Commission Gary Gensler recently touched on the issue at the Vox Media’s Code Conference […]

2021-10-4 14:49


Фото:

Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC

China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, […]

2021-5-5 22:00


Фото:

MicroStrategy’s Bitcoin acquisition stirs panic, industry players proffer strategic solution

MicroStrategy has been on a Bitcoin buying spree since August when it took the cryptocurrency market by surprise, with a Bitcoin purchase of over 21,000 (BTC). In the month that followed, the Business intelligence giant reminded the crypto-landscape that it was just getting started with its long-term Bitcoin acquisition strategy, and acquired 16,766 BTC, another […]

2020-12-10 01:26


Why Big Business and Crypto Actually Need Each Other

When you look at the title for this op-ed, your first reaction might be to shrug and say: “No they don’t.” Indeed, how many times have we seen big names getting excited about crypto projects just to drop them along the way? After all, even Libra lost the support of Visa, MasterCard, and Vodafone, and […] The post Why Big Business and Crypto Actually Need Each Other appeared first on BeInCrypto.

2020-11-10 12:19


Ethereum Suffers from Fundamentals Flaws — Is it the New Normal?

The fees on Ethereum had reached the highest since 2015 when it launched, surging past $7. More than 17,500, $6.8 million are currently being spent on fees daily on the network. Spencer Bogart, general partner at Blockchain Capital, “Mempools are getting more competitive as value at stake for pending crypto tax increases. This increased competitiveness […]

2020-8-15 22:40


Dish Network Patents ‘Anti-Piracy Management System’ Using Blockchain Technology

Dish Network has just published on Thursday a patent for its new blockchain-based anti-piracy system that enables owners to see how their content is getting used. Dish claims the system can oversee and implement ownership rights more efficiently by putting platforms on alert mode when their content is being used without approval. It seems the […]

2020-1-13 19:48