Decentralized Cryptocurrencies Are The Future

On the July 23 I wrote an article about cryptocurrency decentralization called Dogecoin for Decentralization. In the last few days the price of dogecoin has rocketed.

The key point of the article was that I trust the decentralized, permissionless, consensus based cryptocurrencies firmly rooted in the bitcoin whitepaper dream of an unstoppable digital global currency. I don’t extend that trust to the centralized coins and tokens, with their un-minable blockchains owned and controlled by who knows who.

Dogecoin is firmly decentralized.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

There is tension between centralism and decentralization and it is a political dynamic as old as civilization. The decentralized dream is partly about society going to the next level where layers of the value…