Joseph H Sadove
Mar 29, 2021

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"Blockchains are about people".

Well, so are Ponzi schemes and MLM. And very much in the same way.

"Decentralization" is just plain nonsense. And when it comes to PoW crypto, such as BTC, ETH, etc. these blockchains are no longer about "people" and are vastly more centralized than any reserve banking system.

Here you can read why Decentralization is nonsense.

https://jsadove.medium.com/the-problem-of-decentralization-where-will-it-lead-e9970993f11f

And here you can read how centralized PoW cryptocurrencies are and what the possible consequences are:

https://jsadove.medium.com/crypto-what-is-it-you-are-really-investing-in-d7ea5b385ed7

Enjoy!

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