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Author Topic: Decentralization? My ass...  (Read 1675 times)
ElectricMucus
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Drama Junkie


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August 28, 2011, 09:24:19 PM
 #21

the fact that you had to reply twice in a row proves that you are just trolling yourself. And since you even asked for it twice: gfto  Grin

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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Democracy is the original 51% attack


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August 28, 2011, 09:37:22 PM
 #22

Bitcoin is decentralized because no one party has monopoly control over the system. That DOES NOT mean that resources and influence will not coalesce around certain points (MtGox, the core dev team, etc.).

However, there is all the difference in the world between a system like Bitcoin and a system like the Federal Reserve, where one organization has monopoly power to print, manipulate, and control.

Don't confuse "decentralized" with "evenly distributed."
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