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RE: China sneezes and the rest of the crypto markets catch a cold, but the biggest move likely came because CoinMarketCap removed South Korean exchanges
There's a certain irony to as a community having created decentralised and distributed currencies, where we then still have centralised power houses (such as coinbase, coinmarketcap, etc) that have such a direct impact over the trends and futures of all of crypto.
If we want to truly have a distributed currency we need to stop centralising power in these corporations..
Great post though! A follow from me
This is actually a very thoughtful post. You're right, this "decentralised" ecosystem is actually quite centralised and this might be its undoing.
It's just worrysome how easily we're creating an exact replica of the system we're fleeing, in return of small profits and wide ranged appeal..