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Author Topic: Bitcoin is Centralized  (Read 657 times)
RawDog (OP)
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June 16, 2016, 02:36:24 PM
 #1

It is no longer 'decentralized'.  A vast majority of people want to move to bigger blocks.  Only a mere quirk of the voting means enables Greg Maxwell and Blockstream to resist the change.  That one single person has been able to resist this long felt need to change to 8MB is de facto proof that Bitcoin is not in a practical sense 'decentralized'.  The core programmers are able to hold off a majority - easily.

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jonald_fyookball
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June 16, 2016, 02:39:11 PM
 #2

you are right.  i've been calling for decentralizing the development for at least a year.

Bitcoin community too complacent.  But for how much longer?

pedrog
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June 16, 2016, 02:44:05 PM
 #3

There's been software available that changes the block size for quite some time, nobody gave a fuck and you could see huge FUD campaigns on these and other boards because of that, people chose, 1MB it is.

odolvlobo
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June 16, 2016, 03:43:27 PM
 #4

Please don't confuse decentralized with democratic. Bitcoin is decentralized. The fact the miners choose to go with 1 MB blocks despite what users want doesn't make it centralized.

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June 16, 2016, 03:47:49 PM
 #5

you are right.  i've been calling for decentralizing the development for at least a year.

Bitcoin community too complacent.  But for how much longer?

depends upon the users to experience stuck transactions themselfes. once you've been waiting 12 hours for a transfer you want change

My user experience on the transaction confirmation is very bad.  I hope the bitcoin block size to be increased soon.
RawDog (OP)
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June 16, 2016, 05:15:26 PM
 #6

Please don't confuse decentralized with democratic. Bitcoin is decentralized. The fact the miners choose to go with 1 MB blocks despite what users want doesn't make it centralized.
About 4 guys in total - are preventing 1000s who want 8MB from getting it.  Maybe even less than 4 guys.  It is really 1 guy Maxwell and 3 wonky guys with no backbone who listen to his BS that bitcoin will be damaged from large blocks.  Everyone knows small blocks are merely so Blockstream business will rise to bring a solution for the 'broken' throughput.  


Bitcoin is centralized.  It has been taken over by Blockstream/Maxwell.

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June 16, 2016, 05:17:23 PM
 #7

Wrong. Bitcoin Core has the most support from nodes and the most support from hashing power. If so many people wanted otherwise, they would run nodes for other crap altcoins like Classic. Low-IQ post.
Holliday
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June 16, 2016, 05:23:07 PM
 #8

Users can run any version of the software they want.

Various big block clients were released.

Yet, people still choose Core.

OP. Your trolling has increased alongside Bitcoin's exchange rate. At this rate, you will soon be making new troll threads every two minutes! Can you spare the time for that kind of commitment?

If you aren't the sole controller of your private keys, you don't have any bitcoins.
killerjoegreece
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June 16, 2016, 05:26:38 PM
 #9

But of course Bitcoin is Centralized just look at the mining activity going on in japan!
RocketSingh
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June 16, 2016, 05:33:39 PM
 #10

It is no longer 'decentralized'.  A vast majority of people want to move to bigger blocks.  Only a mere quirk of the voting means enables Greg Maxwell and Blockstream to resist the change.  That one single person has been able to resist this long felt need to change to 8MB is de facto proof that Bitcoin is not in a practical sense 'decentralized'.  The core programmers are able to hold off a majority - easily.
Really? Where and how the majority was proved? Classic neither have more hash power support nor more coin support. Only a few people cheering on some random internet forum does not indicate majority.

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June 16, 2016, 05:38:01 PM
Last edit: June 19, 2016, 03:48:32 AM by MicroGuy
 #11

It is no longer 'decentralized'.  A vast majority of people want to move to bigger blocks.  Only a mere quirk of the voting means enables Greg Maxwell and Blockstream to resist the change.  That one single person has been able to resist this long felt need to change to 8MB is de facto proof that Bitcoin is not in a practical sense 'decentralized'.  The core programmers are able to hold off a majority - easily.

That's because this very same group also controls bitcoin.org, /r/bitcoin, the alert keys (aka nuke codes), this forum, and the github repository.  Tongue

But we still love bitcoin! So go away!  Cool

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odolvlobo
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June 16, 2016, 05:45:33 PM
 #12

You seem to believe that miners don't have the same information that you have, or they aren't as knowledgeable or as smart as you are. How arrogant!

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June 16, 2016, 06:11:29 PM
 #13

Stop posting bullshit and go back to Ver's forum. The correct statement is:

A tiny fraction vast majority of people want to move to bigger blocks.
A tiny fraction of people whom don't even have a lot of assets in Bitcoin.

Really? Where and how the majority was proved?
It's a lie.

Classic neither have more hash power support nor more coin support.
Classic is dead.

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franky1
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June 16, 2016, 06:16:22 PM
Last edit: June 16, 2016, 06:34:29 PM by franky1
 #14

core has had since february to get people to use 0.12.x. even they dont have 50%

but soon enough it wont matter. core will release their sidechain plans and they wont care who is a full node for bitcoin. they would be too busy talking about their sidechain adoption rate.

i wish them well on the mothership sidechains. maybe then those that actually care about bitcoin can concentrate on bitcoin. and let the altcoiners go play with their "hoards" of assets of altcoins.

and lauda before you fail at trying to oversell cores graph.. you cannot include the stats of 0.8 to 0.11 in the mix. because those numbers have nothing to do with the "Vote for core roadmap".

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 16, 2016, 06:41:01 PM
 #15

It is always interesting when someone is telling us that 'vast majority' of people want to to something or are against/for something else.

The problem with measuring people's opinions is nature of BTC.
Decentralized or not - bitcoin is not backed by any company, we don't have merketing department which conducts the research about people's opinions of BTC.
From my personal experience I can tell that most bitcoin users don't care about about blocksize - and only the most technical and advanced users have their opinion shaped about this.
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