The Big Flaws, Loophole, The End Of The Current Digital Cryptocurrency System 1.0 Is Here
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The current digital cryptocurrency coin system is far from perfect, far from good enough to be used and accepted by national government. In fact some big nations with high population have banned it from daily trading and even just only buy/sell/trade.
The end of the current cryptocurrency coin system 1.0 is near, there is no doubt about that.
In this article, I will show and tell you what are the big flaws, big loopholes of the cryptocurrency system 1.0.
List of the big mistakes are too many from both ideology to technical, here are some major errors:
– The creation, ICO:
From the beginning, most of the cryptocurrency coin was created by only small group of people, then all what they are doing next is “marketing, manipulate” the public people to get accepted and used it.
Often more than 50% shares of every coin/cryptocurrency was hold by tiny group of people(investors, creator developer team) from the start, and they are the one who really “control” the market price.
All the cryptocurrency coin can be easily to created, replaced with just some open source code (just some small twist editing, branding), since they are lack of respect with the public people.
– The use, connection with daily life:
The lack of connection with real daily life, society is the major issue of all the current cryptocurrency coin, because it was created from small low level people group with purpose of “control” others, instead of sharing and fair with other people.
All what they are trying to do is telling the public that decentralize is better than centralize system, but they forget that technology is just a small unnecessary industry in real the whole society.
Without blockchain, technology, the life still move on since people need real food Post too long. Click here to view the full text.