This has been a question on my mind in the last couple of days. This is because of the activities in the cryptocurrencies, because of one man's actions as a twitter post would have it "Shit post" Boom! Prices can tumbling down, notable was the 20% fall of BTC.
"Decentralized system" from my the first thing I learnt as a novice in crypto-space is supposed to be an independent System, one that is not controlled by on individual, I believe it should depend on any person, influential or not.
But if cryptos are plunging on the hills of Elon's statements and everyone is now seeing him as a traitor, even though he came out to clear the air, who is to blame?? Elon Musk or the System?
I mean, if we want a decentralized system, let's keep it decentralized, why should this system rely heavily on individualistic tendencies to either grow or fall? I don't expect that one day, someone will be able to control the whole system, turning and twisting it at will or on personal volution.
The government in various country are exploring way to have control over this thing that is like "The People" thing, if they find a way to, it will be very bad for these
If crypto vacillates due elite caprices, we need a better decentralized system.
☹️