source avatarNomad

Share

Everyone in the top 20 except for Vitalik Buterin works on or owns centralized faux blockchains And that is the dirty secret of the Crypto industry It is why so many billions have been directed towards scams, crime and gambling Even Bitcoin has been cooked by small blocks - relying on the centralized lightning network We should have focused on giving the planet financial freedom We should have gotten rid of trusted third parties instead of investing in them ------ “Commerce on the Internet has come to rely almost exclusively on financial institutions serving as TRUSTED THIRD PARTIES to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model… What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other WITHOUT THE NEED FOR A TRUSTED THIRD PARTY.” - Satoshi Nakamoto

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.