Bitcoin popularity not down to decentralization or transaction lower fees

In a previous article, which discussed the
role self regulation in the crypto space, we asked several experts and
enthusiasts for their perception on this as well as the scourge of crypto scams.

The common view was that self regulation is the way to go if the intention is allowing innovation to continue but in an orderly fashion. However, there are dissenting views on this with some equating self regulation as a devious plan to move the burden of consumer protection responsibility away from the creators of fintechs.

In this Q&A, we speak to one of those dissenting voices, Jude Zambarakij, a co-founder at Brand Fort and a member of the EOS community. In this interview, Zambarakij doubles down on his earlier comments that self regulation alone with not work, while propounding that his unorthodox views (that he shared in the previous article) have a chance of being successful in the long term.

In this discussion, we also touched on Libra stablecoin, the decentralization question and the different types of self regulation as well as why he touts EOS and ETH ahead of Bitcoin.

Terence Zimwara, a journalist at AfricaBlockchainMedia.com posed the questions to Zambarakij.

• Terence Zimwara-In a previous discussion, you suggested that Bitcoin has, just like Ponzi schemes, an inhuman aspect to it because others use it for speculative purposes. However, is it also not fair to say Bitcoin has given previously marginalized groups such as undocumented migrants an opportunity to send or receive remittances faster at