It’s fun but ...
We’ll be glad when the “Wild West” days of cryptocurrency are behind us. We’d still like to be able to visit the Wild West ... whenever we got the itch, but when it comes to exchanges, we don’t like to play games with people who like to rig the games ... and all the games are rigged.
We don’t want every single day of our lives to feel like ... we’ve just handed a few hundred dollars to someone and we’re not sure if we will ever see them again. We don’t even care if we’re playing on an even field most times, we’re expecting the odds to be against us going in, but we still expect to win.
And that’s exactly what it’s like when dealing with centralized cryptocurrency exchanges. We’re all taking a big risk right now, hoping for the big payoffs, sooner or later. The longer someone’s willing to wait, the bigger the payoff (usually) and the bigger the risk.
However, even when attempting to make a small percentage gain with quick moves, you can get burned by these centralized exchanges. Sooner or later, those of us placing a lot of medium sized orders on centralized exchanges, getting on and off the exchange as fast as possible, with a sum of crypto just enough to make a nice profit from yet not enough to threaten your roll if lost ... stolen, “stolen”, hacked, “hacked” or scammed away ... will have exactly that happen.
Large projects like BitShares, MaidSafe or PeerTracks and smaller one’s like Qora and CIYAM are all doing their part to decentralize the way we all interact with each other and with our money. Each of them are playing a part in taking control, from centralized groups, of the internet, the financial services industry and the music industry and placing each individual in control.
By using decentralized blockchain technology, “blockchain-less” consensus mechanisms, smart contracts, smartchains, smartcoins, bitAssets, atomic cross-chain transactions and more, they will offer individuals the ability to take control of the privacy and security of their own finances and a global system of interconnected computer networks.
There are many other projects out there attempting this same goal. We have listed the projects we have researched, some for years, and determined we would support these projects. Do your own research, but please get behind any project that is attempting to decentralize the way individual’s interact in their personal and business lives.
Decentralize everything!