What Did Chris Rock Teach Me About Crypto?

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I always enjoyed Chris Rock as a comedian....

One of his more famous specials was 'Bigger & Blacker' back in 1999. And a specific part of this movie, taught me everything I need to know about...Crypto!

Wait...What?

First some context, the clip I'm talking about was on YouTube and you can watch it here:

If you don't want to watch the clip above, in a nutshell Chris talks about the 'drug industry' in health care. He explains how there is no money in curing diseases, the money is all in the treatment. He compared drug companies to every day street drug dealers and as funny as it was, there's a lot of truth to it.

But what on earth does this have to do with crypto?

This special was from 1999, Bitcoin hadn't even been conceived yet....

If you had a chance to listen to our podcast yesterday, we were talking about how the crypto industry seems to ignore Hive. And while we were going back and forth, it brought me to think about the clip above by Chris Rock.

You see....There's no money for exchanges to...Support Hive!

There's no benefit for influencers....To talk about Hive!

Think about it...

No pre-mine. No founders stake. No need for Ethereum.

If whales come in and buy it all up, everyone here gets rich because the price of the token sky rockets. They have to buy it off the markets because even if they buy 1% of the stake, there's a lot more that the community owns.

It's really a no win situation for centralized exchanges either because they can't control it.

True decentralization, while it's at the core of everything crypto stood for, is so far from a priority for the powers that be, it's not even funny.

Web 3, decentralization....All these buzz words are great on a Tweet, but then when you see an actual blockchain that is decentralized and offers true Web3 solutions....Crickets!

Remember where these snakes make their money....By controlling stake and the fees!!!

Do we really think they will ever support a blockchain with....No fees? They can't make any money lol

So bringing this back to the Chris Rock example...There's no money in offering and supporting true decentralized blockchains. The money is made from the projects they control and have the most stake in.

Remember that when an 'influencer' talks about crypto or blockchain and mentions....Web3 or decentralization. Pay VERY close attention to the talking heads on social media, that don't even have a Hive account right now. Remember all this NOW, during the bear market!

Personally, I can't wait for decentralized exchanges to take over and remove some of the power these centralized trading platforms have. I mean, that's what we are here for isn't it? True...Decentralization? Maybe?

Or are we still waiting for centralized exchanges to save us?