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Author Topic: [2015-09-12] Adam Back on 3 Forms of Centralization That Have Crept Into Bitcoin  (Read 411 times)
tyz (OP)
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September 12, 2015, 08:11:39 AM
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At the crux of the block-size limit debate in Bitcoin is an argument between scaling and securing the network. Although raising the block-size limit would allow more transactions to be processed in each block, it could also limit the ability for individuals in some parts of the world to run a full node or participate in the mining process.

https://bitcoinmagazine.com/21915/adam-back-3-forms-centralization-crept-bitcoin
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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Kprawn
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September 12, 2015, 12:39:30 PM
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I think he has this part spot on <--- " Censorship resistance is what separates Bitcoin from other online payment systems, such as e-gold and PayPal, so it’s easy to see why Back believes the preservation of decentralization is of the utmost importance. "

The ASIC manufacturing companies can have a huge influence, if they come up with a NEW chip, and then decide to sell only to a select market. The technology will dictate

the direction Bitcoin will be going... The individual users have no more say.  Angry

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