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Author Topic: Understanding Decentralization.  (Read 117 times)
Ucy (OP)
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May 18, 2020, 08:59:08 AM
Last edit: July 08, 2021, 04:41:18 PM by Ucy
 #1

Saw a post of someone probably blaming decentralization for lack of organized/right approach or lack of appropriate answer to a question from a popular person who was interested in Bitcoin.

I think many still do not understand what decentralization actually means. Decentralization simply limit centralization of power or things, in whatever way possible to prevent the derailment from laid down standards/principles or reduce/prevent the abuse of good law/rule... not doing this could result in disastrous outcomes.
*Decentralization doesn't stop a decentralized community from using professionals or skilled people for the benefit of the community.

We currently don't have any agreed standard or rule on how investors interested in Bitcoin or decentralized cryptocurrency should be addressed. And you don't blame a very smart developer (for example) for explaining to investors things about cryptocurrency the way he/she understands. Even if we elect or appoint people to speak to investors, other crypto people will still be entitled to their opinions when approached or asked to explain Bitcoin.


Interestingly, decentralization is a great and safe way to use special professionals/talents/skills(through election/selection) to speak to interested investors online or offline and to persuade them to use Bitcoin.
You could easily do this on a decentralized platform with laid down standards, rules and principles on the right way to address investors. And these elected people will have to be rewarded for their well done jobs
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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Ucy (OP)
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May 18, 2020, 10:47:44 AM
Last edit: May 18, 2020, 11:05:19 AM by Ucy
 #2

So what is the best way to explain Bitcoin?

Well, I think members within a properly decentralized community could suggest the proper explanations for Bitcoin and things related to it. The best answers could be chosen via right voting, and voters will have to vote based on answers that are simple-to-understand,  answers that are true/right, answer that capture the basic Bitcoin principles and don't go against the principles. The elected/selected "professionals" can work with such answers in addition to what they know or understand already about Bitcoin.  
 I think the answers the professionals provide on the internet can be used to judge their performances by the decentralized community. They can be retained or changed based on the answers, how they perform, manner of approach, grammer too (unfortunately Smiley ) etc.

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October 08, 2020, 10:09:44 AM
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Edited the subject from "Can we blame decentralization for how members approached interested investors?" to this^ (Understanding Decentralization).
The posts remain thesame.
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