LJ Articles| 1/09/2021 | #8
Centralised Decentralisation
by Lorimer Jenkins, y.at/⌛🚀💎🙌
We have to be very careful in Crypto as the space is run on the basis of who has the most Crypto rules. Especially in POS networks, if you have the most Crypto, you have more votes.
Once Crypto goes mainstream the big players and bankers from the real world will come over and try to replicate our world. We don’t want this to happen, the whole point of this space is for true freedom.
Imagine the amount of institutional grade money that is sitting there doing nothing earning barely any interest compared to Crypto. The Banks arent stupid, they want a piece of the action, but they cant due to laws prohibiting them.
But soon enough this will happen overnight, every large Bank and Company will have holdings in Crypto. You watch, the next 10 years are going to be rocky, but there is light at the end of the tunnel !
How can we combat this ?
- Vote in various coin proposals and council elections.
- Stake your coins with decentralised parties instead of CEX’s.
- Use DEX’s, e.g. Uniswap.
- Store your Crypto offline.
It is that simple ! Dont let players take care of your Crypto.
#notyourkeysnotyourwallet
by Lorimer Jenkins
Disclaimer : I am not a financial advisor these articles for education purposes, new articles released by 12pm BST every day.
