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RE: LeoFinance announces they will be making LEO liquidity providers whole!

in LeoFinance4 years ago

We are talking about cryptocurrency, not a company, not an Organization, or a Tribe ran by one key in the hands of one person based on a second layer solution that is also entrusted to one individual, and there is no Circumstance that would make it better because it's centralized, none. Well, I doubt you could pitch one hypothetical where a decentralized solution is outperformed by a centralized one, heck I'd be willing to bet that in a Pool, by an overwhelming majority, people would chose a Decentralized Coin, vs anything remotely centralized.

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The price of the cryptocurrency in this instance is a direct reflection of how well the LeoFinance website is doing, which is a company. As it generates revenue, it buys up LEO on the open market, pushing the price higher. if the company is run by hundreds or thousands of individuals, nothing will ever get done, which is the major drawback of decentralization in any realm.