Sure, but the people who value Bitcoin at 120k and have the power to move markets aren't average people, they're banks, investment firms and billionaires. In a system that was supposed to be decentralised and fair, it's still the same players with the most power, access and early information who end up with the advantage. That's the problem.
Yes, the system itself is decentralised, but if most people depend on centralised exchanges and a handful of whales can move the market, how is that any different from the system we already had?
Blockchain is capitalism at its finest. It rewards risk because risk-taking drives innovation, builds businesses, and creates jobs. Banks fund that because it grows the economy, and they make money on the upside. So yeah, risk-takers get the incentives, and thanks to those incentives they end up siding with the banks and preaching the system they're now part of.
Imagine the cost if JPMorgan had to run all that compute themselves: power, hardware, cooling, security, redundancy. It'd be massive.
So what did the mysterious man at the top of the pyramid do? He got the public to do it. By distributing the computational load and offering tokens as rewards, he turned millions of people into the infrastructure. They pay for the hardware, run the nodes, and keep the system alive for free.
Satoshi knew exactly what they were doing and why. That kind of precision doesn't come from guesswork. So chances are we'll never know who they are.
Same goes for the economist who inspired by Milton Friedman turned the idea of future-income-based education into the student loan system we have today.
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this fact does not matters since if people valued bitcoin at 120k then bitcoin price would be 120k simple as that
also pump and dump scene exist in stock too, does this stop people trade in stock??? I don't think so
Sure, but the people who value Bitcoin at 120k and have the power to move markets aren't average people, they're banks, investment firms and billionaires. In a system that was supposed to be decentralised and fair, it's still the same players with the most power, access and early information who end up with the advantage. That's the problem.
it is decentralised in a way that it is "decentralised system", its achieve its function
You asking decentralised power that everyone can have "fair" power level, that not exist
Yes, the system itself is decentralised, but if most people depend on centralised exchanges and a handful of whales can move the market, how is that any different from the system we already had?
People can minting the money
Blockchain is capitalism at its finest. It rewards risk because risk-taking drives innovation, builds businesses, and creates jobs. Banks fund that because it grows the economy, and they make money on the upside. So yeah, risk-takers get the incentives, and thanks to those incentives they end up siding with the banks and preaching the system they're now part of.
Imagine the cost if JPMorgan had to run all that compute themselves: power, hardware, cooling, security, redundancy. It'd be massive.
So what did the mysterious man at the top of the pyramid do? He got the public to do it. By distributing the computational load and offering tokens as rewards, he turned millions of people into the infrastructure. They pay for the hardware, run the nodes, and keep the system alive for free.
Satoshi knew exactly what they were doing and why. That kind of precision doesn't come from guesswork. So chances are we'll never know who they are.
Same goes for the economist who inspired by Milton Friedman turned the idea of future-income-based education into the student loan system we have today.
Some ideas don't want a face.