COTI: Cardano Djed Issuer!! What You NEED To Know!! (Ep 262)
Coin Bureau
00:00
Cryptocurrency - Is Coty a Centralized Payment System?
Coty sounds more like a centralized payment system than a crypto currency. This centralization explains why cote can handle 100 thousand transactions per second, and it also explains why coty's transactions can be reversed. What's ironic is that coty claims to protect privacy, even though there is strict k y c a m l and c f t rules inherently at the protocoal level. Your trust score goes up and down based on who you are and what you do. It doesn't sound all that different from china's social credit score system. So ya, i'm not convinced on coty, and i won't be adding it to my portfolio.
Play episode from 17:15
Transcript
