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Author Topic: Does Satoshis' absence make bitcoin truly decentralized?  (Read 676 times)
aoluain
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October 13, 2018, 09:36:51 AM
 #61

Bitcoin is bigger than one person. We have seen something similar happen with Litecoin
when Charlie Lee stepped out of the project. Satoshi set the ball rolling and after it started
he was and still is powerless to control it.

R


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Kaan53
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October 13, 2018, 11:13:50 AM
 #62

The absence of Satoshin treats Bitcoin more, but Bitoin starts to be meaningless, and Bitcoin may risk a major fall.
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October 13, 2018, 02:35:10 PM
 #63

The absence of Satoshin treats Bitcoin more, but Bitoin starts to be meaningless, and Bitcoin may risk a major fall.

jeez ,wonder how the hell did you manage to get 5 merit with this sort of posts  Shocked
bitcoin starts to be meaningless is something totally new  Cheesy

bitcoin is and was created decentralized, it cannot be made more decentralized than it is already
maybe by redistributing mining pools % to shift more towards smaller pools

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October 13, 2018, 03:04:41 PM
 #64

Does Satoshi even existed ? What I think is that whenever the Satoshi name will come again in the mass media or maybe he will login back into his account or maybe 1 bitcoin will be moved from his wallet then the world will go nuts because HE WILL BE BACK !

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October 13, 2018, 03:12:19 PM
 #65

Ethereum founder Vitalek Buletin recently expressed his intention to step back from the helms as he believes the protocol can now run spontaneously without his presence, https://dailyhodl.com/2018/10/05/vitalik-buterin-preparing-to-detach-himself-from-ethereum-says-platform-can-run-without-him/

I feel the absence of the creator makes the system truly decentralized and it can't be regarded as a financial pyramid.
Satoshi as the creator could have serious effect on the bitcoin market if he wasn't anonymous. His catching a cold and being filmed at the clinic could easily spark panic and FUD.
Now the community are the ones who control the market and support the technology.

It does make sense Bitcoin could go on for decades without a central figure to look up into because the system is in place there is no dynasty to speak off, It really does make Bitcoin decentralized because of the absence of its creator it's better that he stay anonymous so he can protect his creation.
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October 13, 2018, 03:16:38 PM
 #66

Only because bitcoin has no owner, it belongs to everyone and at the same time to anyone, without it it would not be so popular
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October 13, 2018, 03:40:17 PM
 #67

I believe that this has already been going on for a long time, because the system must really be decentralized.
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October 15, 2018, 08:34:44 AM
 #68

Vitalik cannot step back from Ethereum because it will have a big impact in his coin because he is not anonymous like Satoshi. That is the difference if you are known publicly. You will become the reference if the people who invest in it.
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October 15, 2018, 10:26:24 AM
 #69

Every Bitcoin-derived cryptocurrency has a founder or company behind it. Therefore, these individuals affect coin very much. Based on this, it can be argued that ICO and other cryptocurrency focus more than the community has to admit.Bitcoin is completely different. When Satoshi disappeared, he left the entire Bitcoin network unchecked. No central authority can reduce the usefulness, Bitcoin is really scarce and can't change the quality without the consent of all users.
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