What i really like about Genesis is the accessbility it provides. Sure it would be better if it were actually decentralized, but this platform totally changes the way people can have access to ivestment funds.
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Yes, that's certainly another way of looking at mutual funds. But working with crypto-currencies and not having proper access to your private keys is kind of weird.
That's the bad part of it. But my hope is that they workaround it and find a way to make this platform truly decentralized.