Decentralization was the main purpose that “Nakamoto Satoshi” created Bitcoin, at least that’s what he claimed and most people accept.

Decentralization was the main purpose that “Nakamoto Satoshi” created Bitcoin, at least that’s what he claimed and most people accept.

An infamous case when a cryptocurrency suddenly became highly centralized is Steem. When Justin Sun took over Steemit Inc., he confiscated tokens of key community members who opposed this acquisition. Yup, when a cryptocurrency (any currency in general) is highly centralized, the security of your assets is basically non-existent. Whoever possesses the 51% power can take coins from whichever account he desires.