Why Decentralization is a Myth?

Words
137
Reading
1 min
Listen
Play
8y


Coinbase is owned by Nasdaq!

The Nasdaq is a centralized exchange which is the parent company of Coinbase. Coinbase is suppose to be an exchange for decentralized cryptocurrency. So, what makes you think that Bitcoin, Litecoin, and Ethereum are decentralized, when the Nasdaq owns the means of exchange and production. 

If you put all the pieces together from 2008, it's quite clear that the cryptocurrency market was meant to replace the current stock market. It's a shame to say, but all things are inherently centralized. 

What is Bitcon really?

Bitcoin was created by the government to be the global currency, amid fears that the public was losing faith in the established order. The 2008 Financial Crisis was engineered to consolidate public opinion on fiat currency, thereby making Bitcoin the hero of the narrative: that banks were corrupt.

Why Decentralization is a Myth? | Ecency