"donation drives to fund development for BCH" - yes, exactly. Coins that are funded by VCs or miner tax are securities and since you're not an anarchist that should concern you ;-)
It's just sad that BCH never took off, and never was able to find its development properly. It was the better tech. Lately I am doubting any Bitcoin chain will really make it.
None of that matters. The real world doesn't care about how the development works. Sadly everyone got too caught up in the battle to help make it taken seriously.
Yes, they are, and they are irrelevant. The devs of most all crypto are the centralized risk. Miners should be 5he only one funding and directing devs. Anarchist dev kings have failed.
When it comes to neutering crypto via securities regulation. Decentalized development & other aspects will be paramount. BCH among only a handful that escape securities regulation.
Crypto needs to work with banks and governments to work. Regulations help stabilize markets and attract investors. Decentralisation is good, but anarchists are a liability in crypto.
Most anarchist devs talking about decentralisation are actually saying they want total authority with none above them. Anarchist ideology has ruined crypto despite starting it.
The True Spirit of Crypto is uncensorability -- governments can't stop it no matter how hard they try. For example, ~100 independent darknet nodes https://monero.fail/?onion=true
Goodluck finding all those nodes, much less shutting them all down. Monero over Tor, plus anon DEXes (https://Haveno.Exchange) & CPU mining makes XMR the most resilient crypto bar none
People leaving their funds with any exchange are always making a mistake. Exchanges are executed in a poor way with crypto. They are a big point of failure.
Centralized exchanges are definitely a single point of failure, by definition. Tor-based decentralized exchanges are the uncensorable, unstoppable solution.
It isn't about unstoppable solutions. It is about workable solutions. Most crypto doesn't matter, and the exchanging between them is meaningless speculation.
Doge,BTC,ETH,Tron,...there are hundreds of tokens that do not scale (& therefore cannot be liquid), are not fungible, have terrible inflation,etc & therefore *cannot* function as money
Only until it fails. I mean look at Solana. Major hype, rocketed into the top 10 and now it is collapsing as the centralized VC funded shitcoin it is amidst the FTX collapse.
SOL gets a lot of hate but its PoH is a real significant improvement over PoS, and scales like crazy. It's not "centralized", anyone can run a node. They're just beefy machines.
Sam is an idiot, here he is saying "no need to take down anything" I strongly disagree, lots of crypto scams should be taken down. These FTX assholes needs to be obliterated.