create account

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

View this thread on: hive.blogpeakd.comecency.com
· @akdx ·
$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!
👍  , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorakdx
permlinkis-there-a-decentralized-system
categorycryptocurrency
json_metadata"{"app":"ecency/3.2.0-vision","tags":["cryptocurrency","decentralization","blockhchain","leofinance","bilpcoin","waivio","proofofbrain","pepe","meme","system","ecency"],"format":"markdown+html","image":["https://cdn.pixabay.com/photo/2017/10/30/19/54/fear-2903342_1280.jpg"],"thumbnails":["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"],"description":"Greetings friends! 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","image_ratios":["1.5006"]}"
created2024-07-09 12:21:27
last_update2024-07-09 12:21:27
depth0
children3
last_payout2024-07-16 12:21:27
cashout_time1969-12-31 23:59:59
total_payout_value0.530 HBD
curator_payout_value0.529 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,007
author_reputation81,456,810,778,823
root_title"Is there a decentralized system exist in the crypto world?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id135,162,940
net_rshares3,329,071,283,249
author_curate_reward""
vote details (22)
@holovision.cash ·
!MEME
properties (22)
authorholovision.cash
permlinkre-akdx-202479t92218756z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency","decentralization","blockhchain","leofinance","bilpcoin","waivio","proofofbrain","pepe","meme","system","ecency"],"app":"ecency/3.2.0-vision","format":"markdown+html"}
created2024-07-09 16:22:18
last_update2024-07-09 16:22:18
depth1
children2
last_payout2024-07-16 16:22:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length5
author_reputation9,421,232,128,281
root_title"Is there a decentralized system exist in the crypto world?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id135,167,777
net_rshares0
@meme.bot ·
<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>!
properties (22)
authormeme.bot
permlinkre-re-akdx-202479t92218756z-20240709t162232z
categorycryptocurrency
json_metadata"{"app": "beem/0.24.19"}"
created2024-07-09 16:22:36
last_update2024-07-09 16:22:36
depth2
children0
last_payout2024-07-16 16:22:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length283
author_reputation766,848,680,444
root_title"Is there a decentralized system exist in the crypto world?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id135,167,785
net_rshares0
@meme.bot ·
<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)
authormeme.bot
permlinkre-re-akdx-202479t92218756z-20240709t162255z
categorycryptocurrency
json_metadata"{"app": "beem/0.24.19"}"
created2024-07-09 16:23:00
last_update2024-07-09 16:23:00
depth2
children0
last_payout2024-07-16 16:23:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length289
author_reputation766,848,680,444
root_title"Is there a decentralized system exist in the crypto world?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id135,167,790
net_rshares0