Cryptocurrency world, in recent times one of the biggest pitfalls lived one. You will have those who remember; a few months ago Terra (Luna) The event erupted and there was a massive crash in the markets when a cryptocurrency suddenly lost 97 percent of its value. In the next step a small one recovery tendency we have seen.

While investors seemed to breathe a sigh of relief, a new development rocked the markets. This time it is one of the largest cryptocurrency exchanges in the world. ftxafter the news about bankrupt. The events had shaken the markets again. As such, Bitcoin, which we talked about a year ago at the $70 thousand level, 15 thousand dollars has reverted to…

So decentralization was necessary? How did the events cause the markets to crash?

When cryptocurrencies started to spread,”decentralizationthe phrase was on everyone’s lips. Leading names in the industry, cryptocurrencies that are not affiliated with any bank or government, economic model of the future He kept saying he would. But here we have come. The stock market allegations and subsequent statements caused investors to lose billions of dollars. On a giant stock exchange it sank…

In other words, talking about decentralization in the cryptocurrency world is too much for now. not possible resembling. We also present this situation to you, our dear readers. Typewriter 1984 editor-in-chief of the website We asked economist Enes Özkan. Let’s take a closer look at an economist’s comments on this topic.

Decentralization is not for all cryptos. For Bitcoin!

Enes Özkan, the term decentralization is actually not used correctly there is. “It is Bitcoin, not cryptocurrencies, that makes the case for decentralization. Also Bitcoin’s argument for decentralization still going on. Bitcoin, which proposes an alternative economic model with the argument of decentralization, is still in force!Ozkan said, “The main issue here is with other cryptocurrencies says it’s related.

“Speed, decentralization and security… It’s not easy to get all three!”

Understand the concept of decentralization get to technical details Özkan said that cryptocurrencies should simultaneously provide the three technicalities of speed, decentralization and security. it is so hard there is. Let’s take a closer look at the working mechanism of both Bitcoin and other cryptocurrencies in the words of an economist:

at bitcoin There are many centers. That’s what decentralization means. As a result, transfers take a long time. Many people play a role in these transfers. Also made a transaction in Bitcoin cannot be undone. It’s a security issue. Others have a different situation. That’s why we exchange Bitcoin with others. not to mix obliged.

In other cryptocurrencies there are different situations. Some behave like stocks, some like real money, some like deposit accounts, and some like commodities. Precisely for this reason, it would be more accurate to describe Bitcoin as cryptocurrency and others as crypto-assets. There is also the innovation aspect of the business. bitcoin, about the nature of money, that is, brought an innovation related to the economy. Others introduced more brand new technologies.

“The main problem is crypto generated by a center!”

According to Enes Özkan, although decentralization discussions are associated with Bitcoin, the main issue is Released by a team in relatively small cryptos. famous economist, to the decentralization debate. that it should be viewed from this perspective.

the problems, central structures related to the cryptoassets it spawned. Usually cryptos are released by teams. Here are assets such as “shitcoins”, “memecoins”, Dogecoin (DOGE), and Shiba Inu (SHIB). For example the most recent Problems on the FTX exchange. They had a crypto unit called FTT. It offers an advantage in commissions. The FTX team had the freedom to print unlimited FTT. There is no such thing in Bitcoin or even most major cryptocurrencies like Ethereum.

Should we worry about what happened, or should we keep our hopes high?

In Turkey It is a well-known fact that there are many investors in cryptocurrency. We also invest as such what wait We asked a question about “Should we worry about the future or keep our hopes up?Economist Enes Özkan’s answer to our question was as follows:

Really both. On the one hand, it is worrying because the succession of so many setbacks has led to price falls. In addition, such situations strengthen public institutions, international organizations and governments that want to regulate crypto. It gives them a trump card and can even lead to moves that could cause us to close the door to major innovations. But I still i am hopeful. This is because, as I said at the beginning, it’s not about decentralization…