If Bitcoin means Decentralisation why did it brought then a centralised

[avikz]

To the best of my knowledge the meaning of decentralization is far from what you are saying. Decentralization in this contest means bitcoin is  not control by any individual or Government of a particular country, the protocol is accessible by anyone in any part of the world.

How come crypto index is coming into the picture while we talk about decentralization? The index has nothing to do with the network itself. It just provides an overview of the pricing aspect of cryptos to benchmark it against the real world currencies to determine its purchasing power. Having an index doesn't compromise the decentralized nature of the network in any way!

[KingScorpio]

i will give you something you see this token:



its a new type of token, targeting your "popularity criterias"

its being spread among countless wallets, much more than bitcoin wallets and bitcoin holders.

it has a stable value because all those that got it airdropped can't sell it.

it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.

it will mobilise many more people that have a popular support in it.

that will diminish the amount of bitcoin shillers.

there will be multiple loads of such token, they were in the past surpressed as something called "ponzi scheme", but it wont be as easy this time for you since you dont controll/manage a humanist state

and you simply run a 1. private. and second 2. profit oriented cryptoindex. that you try to sell the world as golden truth, but in truth its just an advertisement, or a popup.

there is just no consciousness about it.

[tenakha]

and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?

isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?

in my oppinion yes.

If Bitcoin is accepted and used as it is, it protects its own nature. Today you can do that too. It may be the reason that we all see BTC as the source of income and we rely more on the centralized exchanges. Think about it, it is not possible to change the Bitcoin to current money. It would not have caused so much attention, but it could protect itself today. 

[Denton]

Bitcoin itself is decentralized. All other cases of its centralization are the work of other people. Bitcoin keeps its idea, and I hope it will continue.

[mk4]

it has a stable value because all those that got it airdropped can't sell it.

Regardless if it's an airdropped coin/token or not, it's not going to be stable, unless it's a stablecoin.

it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.

it will mobilise many more people that have a popular support in it.

that will diminish the amount of bitcoin shillers.

Keyword: can

Not because it can, it doesn't mean that it will. There are thousands and thousands of coins and tokens right now, and there will be more. What are the chances that this specific unknown coin/token will be bigger than bitcoin?

there will be multiple loads of such token, they were in the past surpressed as something called "ponzi scheme", but it wont be as easy this time for you since you dont controll/manage a humanist state

and you simply run a 1. private. and second 2. profit oriented cryptoindex. that you try to sell the world as golden truth, but in truth its just an advertisement, or a popup.

there is just no consciousness about it.

Not every single new coins/tokens are marked as "ponzi scheme". You ever heard of the new coins: Beam and Grin? Whereas even some bitcoin enthusiasts are excited about it because of the technology?

Not everything is being based on the "profit oriented cryptoindex" you're referring to so please stop the bullshitting. Most coins and tokens aren't getting any publicity, simply because they really don't deserve the publicity. That's simply just it. The same reason why not 100% of businesses are being famous and profitable, because not 100% of the businesses are good. Like come on, it doesn't take a smart person to realize this.

[mu_enrico]

Oh, another "decentralization" thread. Decentralization also means that there is no central party who controls supply and demand. Plus there is no central party who acts as a clearinghouse.

Coinmarketcap thing is not a problem. Don't like it, don't use it.

[joniboini]

Guys you can stop responding to this thread, it's difficult to argue if you don't have the same definition of decentralization. This will become pointless, unproductive debate. Or maybe this was never meant as a debate?

Nah.

[Crypto24hrs]

Bitcoin is totally decentralized as initially planned but the service exchange platforms have to secure themselves and their clients asset using escrow, without which this place will not be conducive for you and me to operate, so it is for your own safety and benefit.

[KingScorpio]

i give you a good advise, liberalise that index, let everyone list the stuff he wants, make it open.

it will cleanse and sanctify it.

a natural stability will establish itself in it. only people with a lot of guts that know what they are doing will then list big token.

much better then the current corruption/profitmaximizing agenda of the bitcoinmaximalists.

everyone with some brain, sees and understands it. the aura of their disapprovement is whats causing your "bearmarket"

you cant really improve your situation by banning users, and create a form of fake bitcoinchilling environment.

[pooya87]

when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!

[KingScorpio]

when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!

well i am helping you to develop this market. dont you want to develop the market?

if you dont liberalise that index, you will continue to suffer under a bear market and distrust.

and it will get even worse you will become the "buh men"

because people subconciously will taste your agenda.

[pooya87]

when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!

well i am helping you to develop this market. dont you want to develop the market?

if you dont liberalise that index, you will continue to suffer under a bear market and distrust.

you are not helping anyone or anything. you have just created a vague topic discussing an ever vaguer concept. what "index"?
and it is not going to change anything in the market. if something is innovative and useful enough, then it doesn't have to worry about the market and the bear mode and anything like that. that thing will grow on its own as long as it offers utilities but when things are useless (such as most altcoins) they need to be "indexed" somewhere the dictates which coin is number 2 and which one is "top" coin based on their broken ranking system.

[KingScorpio]

when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!

well i am helping you to develop this market. dont you want to develop the market?

if you dont liberalise that index, you will continue to suffer under a bear market and distrust.

you are not helping anyone or anything. you have just created a vague topic discussing an ever vaguer concept. what "index"?
and it is not going to change anything in the market. if something is innovative and useful enough, then it doesn't have to worry about the market and the bear mode and anything like that. that thing will grow on its own as long as it offers utilities but when things are useless (such as most altcoins) they need to be "indexed" somewhere the dictates which coin is number 2 and which one is "top" coin based on their broken ranking system.

ofc i am helping you,

i am telling you that that "index" you are running is in truth not a real index, its a marketing ad, or a popup banner. nothing else.

thats why its not working anymore. and no one trusts the market.

[thesmallgod]

A project can be decentralized in term of the development but when it become adopted by third party, they introduced it into centralized system in order to have control over the system. this is exactly what is happening to bitcoin. The developer (i.e Satoshi) is not even known but people make use of his discovery and turned it to what they can control. This is exactly what we are witnessing in many exchange platform today but research have also shown that people prefer centralized exchange platform than decentralized one.

[stompix]

it has a stable value because all those that got it airdropped can't sell it.

it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.

My socks are worth 100 trillion because

a) Nobody else but myself can sell them
b) I won't sell any below 1 trillion
c) Yeah, I do have around 50 pairs and no I'm not insane.... I think 

[KingScorpio]

A project can be decentralized in term of the development but when it become adopted by third party, they introduced it into centralized system in order to have control over the system. this is exactly what is happening to bitcoin. The developer (i.e Satoshi) is not even known but people make use of his discovery and turned it to what they can control. This is exactly what we are witnessing in many exchange platform today but research have also shown that people prefer centralized exchange platform than decentralized one.

get used to the bearmarket, it wont end anytime soon,

https://twitter.com/naashonomics/status/1095038153826566145?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1095038153826566145&ref_url=https%3A%2F%2Fwww.ccn.com%2Fbitcoin-analysts-explain-why-crypto-bear-market

who the hell cares about your ad banner called "cryptocurrency index" with whom you are looking for billionaires to bribe on.

in my oppinion a fatal mixture.

[KingScorpio]

it has a stable value because all those that got it airdropped can't sell it.

it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.

My socks are worth 100 trillion because

a) Nobody else but myself can sell them
b) I won't sell any below 1 trillion
c) Yeah, I do have around 50 pairs and no I'm not insane.... I think  

well get used to these numbers then, because there are many token that have a many billion usd marketcapitalisation.

your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.

[stompix]

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well get used to these numbers then, because there are many token that have a many billion usd marketcapitalisation.

your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.

I really don't understand what you argue against or for here.
Are you saying that token is better than bitcoin or is another shitcoin made by the satanic indexoreptilians?

And I haven't managed to get single info on that token of yours...do you have a link to some ann or anything else?

You really seem to be mad at anything in this world and seriously, you're not helping anybody around here with that combined attitude of all-knowing god and goddess of ignorance.

[iMark]

Bitcoin itself is decentralized. All other cases of its centralization are the work of other people. Bitcoin keeps its idea, and I hope it will continue.

Thats right, the centralization that you see is outside of bitcoin, like exchanges, online wallets or other third parties, it is not included in
the internal of bitcoin. Bitcoin remains a keep on this decentralized system

[HeRetiK]

i give you a good advise, liberalise that index, let everyone list the stuff he wants, make it open.

The "index" is already liberalized, anyone can create a listing of cryptocurrencies such as Coinmarketcap.com.

If you have the skills, code it. If you have the money, hire someone. If you have neither, gain some community traction.

If you feel like Coinmarketcap.com is biased or not fitting your needs, create a service of your own. If you feel like more than 2000 coins and tokens -- some of which have a 24h volume in the single digits -- are not enough, there's nothing stopping you from creating a wiki-style coin market cap website.