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RE: On the Day of Bitcoin Spot ETFs Approval...

in LeoFinancelast year

Cryptos are definitely subject to money attacks, and they can be turned from decentralized to centralized. It's one of the recognized attacks, right? So if we choose decentralization, I guess maybe we'll have to abandon cryptos that have become centralized, and move to decentralized ones. Maybe a few of those cycles and the DAOs will have the majority of the world's money. If we carefully set it up so that DAOs benefit from each cycle.

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Hmm, interesting. DAOs are one of the solutions that, when implemented right, could be a protection against money attacks.