The History Of Critic Decentralization

Once again let’s give Satoshi Nakamuto a round of applause because Satoshi was the person that brought the decentralization awareness to the world. Just like text message and internet is the foundation for our social medial lives and innovation, satoshi Nakamuto’s bitcoin and blockchain innovation is the foundation of everything crypto, web 3, blockchain and decentralization.

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Bitcoin and blockchain was created in 2009,2009 I was just in my first few years of high school. At that age I wasn’t thinking about money, what do I even know about money, politics, value or decentralization. 😂 am sure if I had heard of bitcoin in 2009, I won’t have invested because I won’t be able to afford buying it. My interest was getting cookies, candies and doing my homework at school. But it has changed now, because right now am seeing kids getting involved in crypto because of what they see on the internet. We have a 12 year old hiver here from Nigeria, his name is @exceltogaming. When I was 12, I was worried about the next PS2 CD game I would buy.

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That’s not the point of this post, am digressing.

Every year, there is always criticism about crypto, blockchain or anything related to it. In 2013 people called bitcoin a scam, they called it money for drug dealers and traffickers, thanks to the Silk Road incidence for that label. This was supposed to be publicity for crypto because people tend to focus more attention on something that seems bad rather than good. I think calling bitcoin a scam made more people more aware of bitcoin because of the scam name. People did their research to what bitcoin is to know why it’s referred to as scam. But some of them ended up falling in love with it, thanks to the people that labeled it scam because they invested their energy in advertising it.

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More platforms started knowing about bitcoin, studying it and realized that this technology is a great technology, we can actually tap, utilize the information behind this technology and make more like it. That was the beginning of the birth of some altcoins, it’s like bitcoin but not bitcoin, use its type of blockchain technology. Now the criticism left bitcoin for a while and went into focusing on antagonizing the blockchain. The battle was now bitcoin is a scam and blockchains are scams. I wouldn’t be shocked that most people that called these scams have no knowledge about it. May be they have been brainwashed by centralized money and power hungry CEO, but you can’t defeat decentralization.

2015 emerged with lots of criticism towards blockchains because people where scared of understanding something new after been brainwashed by their centralized mentors and leaders. With the creation and provision of more blockchains, more cryptos were created, now we don’t just have bitcoin as the only cryptocurrency we have cryptos, options for you to choose from and invest in.The critics decided to focus on antagonizing crypto and calling it scam. So 2016 saw a lot of “crypto is a scam”.

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The ironic part of this is, the more they are criticized, the more they get popular, the more people want to invest. But being that it’s a decentralized platform, DAO(Decentralized Autonomous Organizations) were formed. The antagonizing energy shifted to DAOs, adding DAOs to the list of things branded as scam. Here we have DAO in 2017 being called a scam, and guess what, it didn’t stop people from partaking in DAOs, once again, the power of decentralization.

2018, NFTs became a little popular, just a little popular, only few people had the opportunity to invest or know about it. But the idea of NFTs in 2018, not just 2018 even in 2021 made lots of critics call it scam. The world was used to hearing bitcoin, blockchain, crypto, tokens and DAO scams, so NFT was a new one added to the list. In 2019 Defi became the new boy in class to be labeled scam. But all these while being invented and worked upon, they were not popular enough for people to care, but after they became so popular that’s when it became shocking to know that they have been invented a year or 2 before they became popular.

2021 we are seeing history repeat itself as Web 3.0 is the new decentralization crypto related term that is branded as scam. I wonder what next year scam brand will be.

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