Coinmonks
Published in

Coinmonks

Myth busting: Cardano is not like the current fiat system

PoS networks like Cardano are said to be the same as the current fiat system. This is because if someone is rich, they can buy large amounts of coins and thus retain power forever. Moreover, the rich investor is getting richer also forever. Another concern is that the coins will be held by the centralized exchanges, so they will decide for the people.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Cardanians.io (CRDNS pool)

Cardanians.io (CRDNS pool)

Proud Cardano ambassadors Jaromir Tesar & Lukas Barta. Operators of Cardanians pool with ticker #CRDNS — stake with us! https://cardanians.io/en/pools