The decentralization criteria you've described is ridiculous!! Thanks Nat, for another great short and to the point episode.
"According to the bill, a digital asset should be considered decentralized if, over the last twelve months, 1) no affiliated person has had unilateral control, 2) no one has more than 20% of the digital asset or voting power, and 3) the founders issued no tokens. And finally, during the last three months, no affiliated person has marketed or implemented code for the project.
So, to summarize, if a founder distributes 19% of the token supply to themselves, allows a year to pass, and stops developing and marketing the project for three months, then—just like magic—Voila! It’s decentralized!"
Thank you Natalie: What do you think of the confusion this situation causes to the difference between bitcoin and the entire crypto space? I am more in line with Saif who expressed his views in response to a tweet which he has stated numerous times. Maybe you should do a deep dive into Ethereum to clarify the differences and why many think bitcoin is much different than the rest of the crypto market and does not even belong with the public understanding of crypto and what government on both sides is doing to muddy the waters of understanding for the masses. It's clear that Trump has no clue about bitcoin and the Biden administration does not understand the asset, and it we are not sure Gensler understands bitcoin even though he taught a class on the asset, but he could also be compromised in keeping his job, so we are not sure.
Maybe bitcoin does benefit from these actions, but do we want to benefit on the back of deception and fraud? Maybe we do, but maybe we don't. We live in absolute incredible times and you are doing a remarkable job, so thank you for your work ethic, the courage to stand for what you think is right and correct, as well as your commitment to be a journalist which is yet another lost art being swallowed by corruption and the need for money inside a broken system.
It's very hard to be against something if that something benefits you financially. It seems to me that your role will only increase in importance and I for one am praying for you to stay committed, stay protected, stay alert, keep your courage, and not to be corrupted by the temptation of money and power like everyone seems to be around us.
Stay strong Ms. Natalie, the world needs people like you and your commitment goes far beyond the temporary benefits this world can bring which I am confident you understand and are committed to fulfilling in your life for the benefit of others who need you.
The decentralization criteria you've described is ridiculous!! Thanks Nat, for another great short and to the point episode.
"According to the bill, a digital asset should be considered decentralized if, over the last twelve months, 1) no affiliated person has had unilateral control, 2) no one has more than 20% of the digital asset or voting power, and 3) the founders issued no tokens. And finally, during the last three months, no affiliated person has marketed or implemented code for the project.
So, to summarize, if a founder distributes 19% of the token supply to themselves, allows a year to pass, and stops developing and marketing the project for three months, then—just like magic—Voila! It’s decentralized!"
Great article - answered many questions. thank you.
Eth will have rug pulled eventually 🙏
Thank you Natalie: What do you think of the confusion this situation causes to the difference between bitcoin and the entire crypto space? I am more in line with Saif who expressed his views in response to a tweet which he has stated numerous times. Maybe you should do a deep dive into Ethereum to clarify the differences and why many think bitcoin is much different than the rest of the crypto market and does not even belong with the public understanding of crypto and what government on both sides is doing to muddy the waters of understanding for the masses. It's clear that Trump has no clue about bitcoin and the Biden administration does not understand the asset, and it we are not sure Gensler understands bitcoin even though he taught a class on the asset, but he could also be compromised in keeping his job, so we are not sure.
Maybe bitcoin does benefit from these actions, but do we want to benefit on the back of deception and fraud? Maybe we do, but maybe we don't. We live in absolute incredible times and you are doing a remarkable job, so thank you for your work ethic, the courage to stand for what you think is right and correct, as well as your commitment to be a journalist which is yet another lost art being swallowed by corruption and the need for money inside a broken system.
It's very hard to be against something if that something benefits you financially. It seems to me that your role will only increase in importance and I for one am praying for you to stay committed, stay protected, stay alert, keep your courage, and not to be corrupted by the temptation of money and power like everyone seems to be around us.
Stay strong Ms. Natalie, the world needs people like you and your commitment goes far beyond the temporary benefits this world can bring which I am confident you understand and are committed to fulfilling in your life for the benefit of others who need you.