WEIGHING OF CENTRALIZED V. DECENTRALIZED ON A GRAND SCALE
In an article today, William Hinman, head of the Division of Corporate Finance for the SEC spoke about the possible, but most likely, direction, the the government regulatory agency will continue in the ongoing campaign against nonfiat asset markets.
"If there is a centralized third party, along with purchasers with an expectation of a return, than it is likely a security, Hinman said.
But Hinman also gave examples where cryptoassets would not be considered securities and would not come under the purview of the SEC.
Decentralization is key"
The feeling that I get from reading these kind of articles and knowing the turbulence the cryptocurrency market has experienced over the recent past is that there is coming a day, a day of reckoning, in the near future when a majority of holders of centralized coins and tokens will "jump ship" and reinvest in what the SEC considers decentralized. In essence, at this moment, there is a weighing of centralized v. Decentralized on a grand scale.
This will drive the price of coins like Bitcoin, Digibyte, Ethereum, Litecoin, etc. to extreme highs. Imagine an exodus from Ripple (XRP). Those funds directed toward a decentralized coin would drive its prices higher.
Consider further that of the first three coins mentioned above the most cost efficient that has great possibilities of growth is Digibyte.
If and when this happens I would rather invest $1,000.00 in Digibyte and have 35,224.91 coins than have only 0.15 Bitcoin or 1.94 Ethereum or 9.91 Litecoin.
That's my thoughts.
Remember that this is not investment or trading advise. These are my personal opinions and observations. Do your own research.
Here is an article from January, 2018. It explains further about decentralization. However, I would add Digibyte to the list of decentralized coins.
I have to be honest and say I waffle on my views on crypto. One day I post that crypto will compete, and other days, I see so much behind-the-scenes rift-raft from people wearing whale hats that I post from another vantage point.
That said, the conspiracy theorist in me believes Wall Street is owned by wealth that is so aged, that it has so much built-in insulation that it will never be threatened by other markets. I think the two will work parallel with the other; and, serve different interests.
I dare to venture that in some cases they will function in duality. I know Apple and Amazon are reticent to talk crypto; but, if it becomes a viable means of buying and selling, something tells me that eventually they will jump onboard.
What a great time in which we live, as this, just as the internet was a couple decades ago, is mostly speculation on its success or fail.
As noted, I can see both, which leaves me smh, while making sure I continue to add a few pennies to promising assets in the event things go to the moon without a gravitational trend southward.
Peace.
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P.S.: My recent post
Here's the article which was inadvertently omitted
https://news.bitcoin.com/most-cryptocurrencies-are-more-centralized-than-you-think/
Coins mentioned in post: