Is there a decentralized system exist in the crypto world? by akdx

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cryptocurrency · @akdx · Jul 9 '24

$1.06

Is there a decentralized system exist in the crypto world?

# Greetings friends!
https://cdn.pixabay.com/photo/2017/10/30/19/54/fear-2903342_1280.jpg
[](https://cdn.pixabay.com/photo/2017/10/30/19/54/fear-2903342_1280.jpg)

Cryptocurrencies are depicted as the decentralized currencies. Yes, they are decentralized in a sense that no one controls them and there is no system like central banks to control and regulate them. But, they are not true decentralized things as they are being presented. 

Every crypto project is run by some company which controls many things. Bitcoin works on proof of work which needs immense resources to decode a code. Only big players can do so. They can purchase every such node and can have full authority over it. In platforms like steem and hive, who have the large stake, can do anything like downvoting others, destroying others' accounts and make policies which suits their interest. So, where is the decentralization? I can't find it anywhere. If I am wrong? Please correct me and explain why my thoughts are wrong.

Thank you!

👍 mangos, abbak7, certain, steemitcentral, r1s2g3, drlobes, sbi2, hanen, erica005, meme.bot, angelacs, holovision, krazeworgen, kotdwar, waivio.welcome, leoball, sbi-tokens, marsupia, memehive, andy-vibes, magic.pepe, magic.meme

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properties (23)vote details (22)

voter	rshares	pct
mangos	1,806,411,763,178	28%
abbak7	325,799,056,931	25%
hanen	44,112,858,655	100%
r1s2g3	256,067,056,801	30%
sbi2	64,871,444,217	1.09%
angelacs	3,247,745,881	33%
holovision	2,980,505,548	15%
erica005	26,414,171,426	100%
steemitcentral	283,601,401,103	100%
certain	294,978,680,135	100%
kotdwar	1,254,468,584	100%
sbi-tokens	628,647,781	0.41%
drlobes	207,849,187,909	50%
memehive	157,597,094	10%
andy-vibes	42,281,069	100%
leoball	748,288,001	12.5%
marsupia	506,732,222	12.5%
krazeworgen	2,975,905,127	100%
waivio.welcome	785,736,689	1.52%
magic.meme	0	100%
meme.bot	5,637,754,898	10%
magic.pepe	0	100%

@holovision.cash · Jul 9 '24

!MEME

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@meme.bot · Jul 9 '24

<img src="https://files.peakd.com/file/peakd-hive/orionvk/241FFAFw8hdfScLvY2b9e1bfbGDP8nxm14S6W7qERqXso1EVjfzxqpeWNYSEnaFNsjnrg.png"><br>Credit: <a href="https://www.peakd.com/@orionvk/posts">orionvk</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!

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@meme.bot · Jul 9 '24

<img src="https://files.peakd.com/file/peakd-hive/pepe-cash/243qUBe4g8gMdMBFfjxoohn7ZmYN8CHKE6kAttaistmTZuZoZimAsVnoJTaJVT15WAESk.png"><br>Credit: <a href="https://www.peakd.com/@pepe-cash/posts">pepe-cash</a><br><a href="https://www.hiveme.me/">Earn Crypto for your Memes @ HiveMe.me</a>!

properties (22)