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Author Topic: Bitcoin is no longer decentralized  (Read 8328 times)
Wary
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September 21, 2013, 04:19:01 AM
 #121

I see you have a clear understanding of the Invisible Hand.  Yes, fear-mongerers are a part of it.  As is strict government regulation, taxation, wars, and economic collapses.  The Invisible Hand is a tautology -- everything that exists.
Not everything, just a half of it Smiley The invisible Hand is a situation when to get something from other people you have to do something good to them. Which works only if agression is punished. Otherwise the easiest way to get something from others would be to do something bad to them. Wage wars, impose taxes etc. Basically, there is only two hands: invisible, with carrot, and visible, with stick. Smiley To which one the fear-mongering belongs? To the first one, because you can't draft us to wage war with centralisation, so you have to seek our voluntary cooperation by offering us something we value, for example, better understanding of BTC future.

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September 21, 2013, 11:05:29 AM
 #122

As long as we keep alts like Litecoin around to keep Bitcoin honest, centralization shouldn't be a huge problem. It'd be like gold and silver some hundred years ago. Although gold was fairly centralized, silver was not - hence (potentially) empowering the people.

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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