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Title: ONLY 16% of "cryptocurrencies" are fully decentralized!!! Post by: vit05 on October 17, 2018, 11:57:04 PM cryptocompare cryptoasset taxonomy-report 2018. (https://www.cryptocompare.com/media/34478555/cryptocompare-cryptoasset-taxonomy-report-2018.pdf)
Fantastic and quite complete report about cryptocurrencies. More than 55% of the projects were considered centralized. Added to the semi-decentralized, projects that do not offer something that is essential to Bitcoin, decentralization, its reach 84%. Another interesting fact is the concentration of the largest portfolios in relation to the total. TRX, EOS and Veri are incredibly concentrated in this regard. They could easily be considered oligarchies if they were a country. Title: Re: ONLY 16% of "cryptocurrencies" are fully decentralized!!! Post by: cescudero95 on October 18, 2018, 12:09:17 AM To play devil's advocate, couldn't we question Bitcoin's own state in this regard? Isn't the hashing power controlled by the three largest pools (cumulatively over 50%)? This needs to be substantiated, but I am suspicious of it. That would also describe a apparent 'oligarchy', just as for those others.
Title: Re: ONLY 16% of "cryptocurrencies" are fully decentralized!!! Post by: vit05 on October 18, 2018, 05:08:33 AM To play devil's advocate, couldn't we question Bitcoin's own state in this regard? Isn't the hashing power controlled by the three largest pools (cumulatively over 50%)? This needs to be substantiated, but I am suspicious of it. That would also describe a apparent 'oligarchy', just as for those others. Nope! Bitcoin has miners, has nodes, has the people that decide to use and has developers. They do not belong to the same company or foundation. It is not a small group made up of 12, 21 people. They are different people with different thoughts and goals. You are confusing a possibility of attack or double spending by controlling the hash power with governance. Governance is something completely different from dominating mining. At least in Bitcoin. |