Is Universa centralized?

in cryptocurrency •  7 years ago 

Hello Steemians,

I'm still pretty new to crypto and was considering trying to contribute to the ICO for Universa after reading a post from (a probably fake profile for) Elon Musk on InvestFeed. I saw this in the whitepaper:

Is it just me or does this 20% taken from transaction fees seem like some centralization? If they have that capability now could they increase this number as their crypto grows? I thought that usually a group like this will create a crypto and keep a lot of the initial stock with the guess that the value would increase.

What are your thoughts?

cryptocurrency universa question sketchy what
7 years ago by

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