People,
decentralization s just a myth which has never worked well in practice. Why? Cause there need to be a way of decision making. Look at Bitcoin core, which should be a decentralized solution, even devs who re part of Bitcoin core cannot propose a unilateral solution for the scaling. Not to mention they also have ulterior motives of staying in control.
IMO, it s much better to have a centralized solution which is stable and WORKS then so called decentralized which creates instability every 6 months. Why do you people think large mining pools would do anything to harm BTC? FFS, they make their money out of BTC, for them it s very important for crypto to grow in price and develop.
I do come from an ex socialist state and I ve seen benefits of strong leadership and those of western democracy. In both cases, there need to be a leader, someone who makes the final decision, top of the pyramid. The rule of the people has NEVER worked.
a single leader doesnt work
because there are so many mouths shouting, that having 1 guy making the decision just resorts to bribery and corruption and no one being happy but the rich controllers.
what does work is consensus, ofcourse 95% cant work because 95% agreeing nearly never occurs. neither does 51% because its a too close number to a minority.
a safe number would be ~75% where by the remaining 25% just accept the loss with dignity, which is more of an acceptable loss than 49% losing or 51% winning
but just one guy deciding it, where that guy could bat for the minority team due to corruption is wrong.
we really need to actually start using real consensus. and stop with the whole crap of 'go soft to avoid consensus'..or go controversially hard to also avoid consensus..
we have seen in the last 2 years core and friends of theirs, have avoided real hard consensus by any means they can. trying to sell hard consensus as bad, yet fake and lie to promote soft and hard controversy as the only routes..
its time people wake up and learn what the real bitcoin consensus is and how to utilise it properly for the benefit of everyone