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RE: Cryptocurrencies(like Steem) are not Without Regulation

in #steem8 years ago

Hello @tojukaka

People run Crypto, Crypto does not run people.

Jerry Banfield made a huge mistake, but I am glad that he owned up to his mistake. Some people took it very personal though, but that is a community for you.

Another mistake he made was not declining payout in his apology post.

Talking about decentralization of cryptocurrencies

Even though cryptocurrencies are meant to be decentralised and control proof.

It can still be influenced by whales who buy up large amounts of any coin.

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He is a business man
We all should be weary of the effects of greed
Yeah
The whales basically decide the atmosphere we have here. But thank God they have every incentive to make steemit a better place