create account

RE: LeoFinance announces they will be making LEO liquidity providers whole! by baah

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @jrcornel/qio5ta

· @baah ·
We are talking about cryptocurrency, not a company, not an Organization, or a Tribe ran by one key in the hands of one person based on a second layer solution that is also entrusted to one individual, and there is no Circumstance that would make it better because it's centralized, none. Well, I doubt you could pitch one hypothetical where a decentralized solution is outperformed by a centralized one, heck I'd be willing to bet that in a Pool, by an overwhelming majority, people would chose a Decentralized Coin, vs anything remotely centralized. 
properties (22)
authorbaah
permlinkre-jrcornel-qirrxb
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2020.10.8"}
created2020-10-25 18:12:51
last_update2020-10-25 18:12:51
depth3
children2
last_payout2020-11-01 18:12:51
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_length551
author_reputation-15,003,147,959,435
root_title"LeoFinance announces they will be making LEO liquidity providers whole!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,249,990
net_rshares0
@jrcornel ·
The price of the cryptocurrency in this instance is a direct reflection of how well the LeoFinance website is doing, which is a company. As it generates revenue, it buys up LEO on the open market, pushing the price higher. if the company is run by hundreds or thousands of individuals, nothing will ever get done, which is the major drawback of decentralization in any realm.
properties (22)
authorjrcornel
permlinkqirven
categoryhive-167922
json_metadata{"app":"hiveblog/0.1"}
created2020-10-25 19:27:57
last_update2020-10-25 19:27:57
depth4
children1
last_payout2020-11-01 19:27:57
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_length375
author_reputation2,133,450,396,741,846
root_title"LeoFinance announces they will be making LEO liquidity providers whole!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,250,818
net_rshares0
@baah ·
The entire point I made was that Centralization is not in any way shape or form, crypto, and that isn't any opinion but a blatant reality, I need not make a pool of the sentiment "WHAT is crypto, and WHAT it isn't" which would undoubtedly reflect said blatant reality because I am certain you are aware that it's not One Singular Person that controls Bitcoin and that is exactly how you would want it, correct? Yet, you're still trying to avoid the painful conclusion that there is nothing crypto about a cryptocurrency that could be rendered redundant by one singular actor and you're still trying to conflate price with security and ultimately, utility. 

I don't think it's a plus at all, that the very people who can print at will or pull the plug on the entire thing, are spending money not on anything that Adds value, but rather to artificially inflate the demand for their token, because there is nothing Natural, Right or otherwise Sane for a Company to offer up Stock for people to buy while at the same time, it buys back stock. It's no wonder that it was considered market manipulation and deemed illegal not that long ago when common sense deemed it as headshaking Retarded then as I do now, but alas, here we are talking about how a ~~CryptoCurrency~~ Token is, ummm, more valuable because it can has value because it can be valuable because crypto, moon and because of awesome ruler of the LeoKingdom. 
properties (22)
authorbaah
permlinkre-jrcornel-qitc8m
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2020.10.8"}
created2020-10-26 14:29:27
last_update2020-10-26 14:29:27
depth5
children0
last_payout2020-11-02 14:29:27
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_length1,417
author_reputation-15,003,147,959,435
root_title"LeoFinance announces they will be making LEO liquidity providers whole!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id100,261,103
net_rshares0