Is ETH decentralized?

[leatutz]

ETH is the 2nd largest crypto as per the market capital. Till now, I did not know that once upon a time in 2016, Vitalik Buterin has forked ETH to rollback transactions from DAO hack. I knew from here- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172
So, if the creator of the ETH can fork the blockchain to reverse or in other words to manipulate the chain, how can it be decentralized?
Share your opinion.

I didn't get any information from your suggested list. As far I know Ethereum is Decentralize, only limitations is for privacy of transaction. You can track down Ethereum transaction history, Vitalik Buterin didn't it for manipulate the market. Ethereum rollout from DAO, the reason is secure transaction but you have full control on your wallet.

[kapalmabur]

ETH is the 2nd largest crypto as per the market capital. Till now, I did not know that once upon a time in 2016, Vitalik Buterin has forked ETH to rollback transactions from DAO hack. I knew from here- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172
So, if the creator of the ETH can fork the blockchain to reverse or in other words to manipulate the chain, how can it be decentralized?
Share your opinion.

I didn't get any information from your suggested list. As far I know Ethereum is Decentralize, only limitations is for privacy transaction.

I think if no one controls the price of Ethereum it can be said to be decentralized, but if there is someone who controls the price we need to be suspicious, so far Ethereum has been good from project development, ETH 2.0 will be launched, and that is a new generation of cryptocurrencies.

[Latines]

Of course, Ethereum is decentralized. And Vitaliy has been making changes for 2 years, it is not so easy and not so fast. Friend, I think if you don’t like a coin, just don’t use it. Now there are a lot of coins, there is plenty to choose from. I do not see serious arguments supported by figures. So for me, it's just a personal dislike. And not a cold calculation.

[leea-1334]

ETH is the 2nd largest crypto as per the market capital. Till now, I did not know that once upon a time in 2016, Vitalik Buterin has forked ETH to rollback transactions from DAO hack. I knew from here- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172
So, if the creator of the ETH can fork the blockchain to reverse or in other words to manipulate the chain, how can it be decentralized?
Share your opinion.

I didn't get any information from your suggested list. As far I know Ethereum is Decentralize, only limitations is for privacy of transaction. You can track down Ethereum transaction history, Vitalik Buterin didn't it for manipulate the market. Ethereum rollout from DAO, the reason is secure transaction but you have full control on your wallet.

All he did was show you proof that ETH was anything but decentralized and this example he showed was the exact reason for many years I did not like ETH,,, and even never bought it for anything. It seemed to me just awful that you could reverse blockhain and make immutability worthless. Every transaction you made after the hack was removed, every ETH you mined was also removed.

But I have changed my mind about it in the years that followed. They have proved their ideals, and Vitalik is not such an idiot now.

[WalkerIVIV]

Reading all these comments, I think it would be better to say that Ethereum network is decentralized but the problem is that Vitalik's influence is just too big. And probably every decision that he make will be OK with the community. Because of that influence, I would describe Ethereum as pseudo-decentralized network. Would you agree?

Any decision that has already taken by ethereum developer will put miners as a party that plays a big role. I guess you must need to read the whole story of DAO hack. I just suggest you read this
https://medium.com/@ogucluturk/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562

Just like that the implementation fo the EIP will never happen if the majority of miners say no for that proposal. This is similar as when bitcoin was also doing BIP and the community ( miners) were voting for which proposal that made them all interested.

True, all of the EIPs has to be accepted by the majority of the miners in order to be implemented. No one is saying that Vitalik can implement an EIP by himself. But his opinions are very influential and most miners will accept whatever he says. That's why I'm saying that Ethereum is pseudo-decentralized.

That's not only happening with ethereum. Even bitcoin does it. If you were seeing how there was a lot of dramas before BCH and BSV born. Roger, Jihan, CSW have also become an influential person in the bitcoin community that makes the community got divided.
In a big community and this is a common thing when there was an influential person. Tron community has justin sun too

[Gab20]

ETH is the 2nd largest crypto as per the market capital. Till now, I did not know that once upon a time in 2016, Vitalik Buterin has forked ETH to rollback transactions from DAO hack. I knew from here- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172
So, if the creator of the ETH can fork the blockchain to reverse or in other words to manipulate the chain, how can it be decentralized?
Share your opinion.

I didn't get any information from your suggested list. As far I know Ethereum is Decentralize, only limitations is for privacy transaction.

I think if no one controls the price of Ethereum it can be said to be decentralized, but if there is someone who controls the price we need to be suspicious, so far Ethereum has been good from project development, ETH 2.0 will be launched, and that is a new generation of cryptocurrencies.

Do you still think that the creator of Ethereum is the one controlling the price? That is NO. He can only use his influence on people and perhaps manipulate the minds of investors, only if they agree to it. He cannot outrightly control te price. Ethereum is already a community coin and that is why it is still alive till today, else it would have been a long-forgotten thing or would have totally lost its value.
Had it been it is not decentralized, the total supply can be easily increased, it might be subject to changes in security and people would have lost their coins unknowingly. In fact, you will not have full control on your asset, particularly your private key.

[slackovic]

Reading all these comments, I think it would be better to say that Ethereum network is decentralized but the problem is that Vitalik's influence is just too big. And probably every decision that he make will be OK with the community. Because of that influence, I would describe Ethereum as pseudo-decentralized network. Would you agree?

Any decision that has already taken by ethereum developer will put miners as a party that plays a big role. I guess you must need to read the whole story of DAO hack. I just suggest you read this
https://medium.com/@ogucluturk/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562

Just like that the implementation fo the EIP will never happen if the majority of miners say no for that proposal. This is similar as when bitcoin was also doing BIP and the community ( miners) were voting for which proposal that made them all interested.

True, all of the EIPs has to be accepted by the majority of the miners in order to be implemented. No one is saying that Vitalik can implement an EIP by himself. But his opinions are very influential and most miners will accept whatever he says. That's why I'm saying that Ethereum is pseudo-decentralized.

That's not only happening with ethereum. Even bitcoin does it. If you were seeing how there was a lot of dramas before BCH and BSV born. Roger, Jihan, CSW have also become an influential person in the bitcoin community that makes the community got divided.
In a big community and this is a common thing when there was an influential person. Tron community has justin sun too

Well... Bitcoin doesn't have that one person (or a team) that could have influence on the miners with their statements. Bitcoin forks that you mentioned (BCH and BSV) have influential person but they have nothing to do with Bitcoin.

I think if no one controls the price of Ethereum it can be said to be decentralized, but if there is someone who controls the price we need to be suspicious, so far Ethereum has been good from project development, ETH 2.0 will be launched, and that is a new generation of cryptocurrencies.

Do you still think that the creator of Ethereum is the one controlling the price? That is NO. He can only use his influence on people and perhaps manipulate the minds of investors, only if they agree to it. He cannot outrightly control te price. Ethereum is already a community coin and that is why it is still alive till today, else it would have been a long-forgotten thing or would have totally lost its value.
Had it been it is not decentralized, the total supply can be easily increased, it might be subject to changes in security and people would have lost their coins unknowingly. In fact, you will not have full control on your asset, particularly your private key.

The price of Ethereum (or any other project) has nothing to do with it being centralized or decentralized. Here is the article describing the difference between centralized and decentralized crypto exchanges. The same concept can be applied to all crypto projects.

[ReiMomo]

Yes, Ethereum is decentralized.
It is open-source and enables the creation of smart contracts.

Another fact that any services that are centralized can be decentralized using Ethereum.

[CrownMade423]

Of course, Ethereum is decentralized. Bcz if no one controls the price of Eth it can be said easly eth is decentralized . so far Eth has been good from in development, ETH 2.0 will be launched soon, and this is a new generation of cryptocurrency. So for to me, it's just a good one to choose .

[cytpoway121]

Etherum is decentralized and It is free and even easy to access by most newbies, it is easy to create its smart contracts and run it, its even easier to create an etherum wallet.

Ignore vitaliks influence on the project and let's focus on the positives, i see etherum more decentralized than most altcoins

[coupable]

Regardless of how popular is ethereum, the project is not fully decentralised and isn't popular because of its decentralisation. It became a heaven for scammers and thiefs.
As Vitalic is still maintaining the EVM by interfering, i can say that eth is still under development until the moment announcement from Vitalik that he left the project for real like what satoshi did. Eth is a useful crypto, it won't lose value because of the absence of its ceo. But at the same time, someone should still have that power to fix errors.

[makishart]

Of course, Ethereum is decentralized. Bcz if no one controls the price of Eth it can be said easly eth is decentralized . so far Eth has been good from in development, ETH 2.0 will be launched soon, and this is a new generation of cryptocurrency. So for to me, it's just a good one to choose .

Please, you can stop said BS about ethereum 2.0 and that's not a new kind of crypto. The POS system has exist since a long time ago and there was no reason to call it as a good thing right now.
It's good to be a short term bet.

[cosmofly]

ETH is the 2nd largest crypto as per the market capital. Till now, I did not know that once upon a time in 2016, Vitalik Buterin has forked ETH to rollback transactions from DAO hack. I knew from here- https://bitcointalk.org/index.php?topic=5242048.msg54262172#msg54262172
So, if the creator of the ETH can fork the blockchain to reverse or in other words to manipulate the chain, how can it be decentralized?
Share your opinion.

This really needs to be verified. because the blockchains chain cannot be simply branched out. It is a ledger and the transactions will be recorded therein. I am not too knowledgeable about blockchain technology of Ethereum platform but I have read a lot about general blockchain technology today. so to be more confident the other guy needs to give the link. or he misheard somewhere about this information.

[Odebowa]

Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine's instruction set, in contrast to others like Bitcoin Script, is Turing-complete. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system then went live on 30 July 2015, with 72 million coins minted. This accounts for about 65 percent of the total circulating supply in April 2020[5].[6][non-primary source needed]

In 2016, as a result of the exploitation of a flaw in The DAO project's smart contract software, and subsequent theft of $50 million worth of ether, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH) with the theft reversed,[8] and the original chain continued as Ethereum Classic (ETC).

https://en.wikipedia.org/wiki/Ethereum