Bitcoin Forum
May 09, 2024, 11:22:06 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The decentralization paradox  (Read 114 times)
ChangeNOW (OP)
Member
**
Offline Offline

Activity: 217
Merit: 17

ChangeNOW. Non-custodial and limitless exchange.


View Profile WWW
March 27, 2018, 06:55:44 PM
 #1

The way I see it, there are two aspects to decentralization:

1. The network itself
2. The value of the network

As we all know, Bitcoin is decentralized when it comes to its network. However, when it comes to its value, we all know that there are large groups of people who own a very large chunk of the value of the network and, therefore, control its faith (to certain extent). It seems, furthermore, that in a decentralized network, it is inevitable to prevent this imbalance in regards to the network's value unless..

You start from a centralized position! See the paradox?


▒ NOW token ▒ by ChangeNOW ▒ Get the WIN! ▒
ChangeNOW - an instant Non-custodial Exchange Service  (( changenow.io ))
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!