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Author Topic: Is Bitcoin truly Decentralised?  (Read 388 times)
ChiBitCTy
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July 26, 2020, 09:20:47 PM
 #21

There is an argument that could be made against bitcoin being truly decentralized.  For one there are a small group of miners that make of the majority as well as the small group of Devs.  If the group of Devs can control bitcoins future, then is it truly decentralized  Huh

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July 26, 2020, 09:37:32 PM
 #22

Of course Bitcoin is truly decentralized because until now Bitcoin transactions have never involved third parties.
Regarding Satoshi Nakamoto, I doubt that he is from Japan, because until now the Japanese government has
confirmed to the media that there is none the evidence regarding Satoshi Nakamoto comes from Japan. According
to personal opinion that Satoshi Nakamoto has the latest technology that is not yet known to the public, then he/she
can disappear without leaving a trace.

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July 26, 2020, 09:58:52 PM
 #23

Lots of these questions are easy to google and some are speculative in nature. Not to mention some does not even relate to the centralized/decentralized debate. I suggest OP to search more and narrow down his question after defining what does centralization actually means.

it also looks suspicious for this topic to have been started by an account that has been registered nearly 3.5 years ago. for someone who has been around this long, you would expect them to know pretty basic things that are also asked every other week around the internet by brand new members!

I do have the same thoughts that it is uncommon for an account to create such very basic of the basic or too generic questions about Bitcoin decentralization on where it you can learn this up even if you are

complete newbie and do able to read it up even on the basics.Why this guy do ask out this very generic question on  where majority do already knows about Bitcoin?

Or he dont just know on what decentralization do mean?  Grin
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July 27, 2020, 05:57:51 AM
 #24

I do have the same thoughts that it is uncommon for an account to create such very basic of the basic or too generic questions about

either somebody bought this account, or it's one of those throwaway account that was created just to open generic thread like this to increase the post count and hopefully rank. who knows.
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July 27, 2020, 07:10:49 AM
 #25

I can only say 50%
very_452001 (OP)
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July 28, 2020, 06:06:30 PM
Last edit: July 31, 2020, 04:05:57 PM by mprep
 #26

Who registered the domain name bitcoin.org back on 18th Aug 2008?
If the domain wasn't registered by Satoshi then most likely it was registered by Sirius - (Martti Malmi). Likely you will fund few more information here.

Quote
Bitcoin.org was originally registered and owned by Bitcoin's first two developers, Satoshi Nakamoto and Martti Malmi.
We can just assume someone from both of them registered the domain, but of course, most probably they had used the latest technology to hide their real identity. And based on that, I can say Bitcoin is truly decentralized since even it doesn't have an official website.

No one could give you exact answers about Satoshi's motives, better search Google and get some ideas.

Martti Malmi owns this forum website yeah?

Well we know Martti Malmi identity but we dont know Satoshi.



Whats this Original Bitcoin and this BTC? Are they different coins with different visions at the beginning or there was a hard fork or something?

Is bitcoin or BTC truly decentralised? Who registered the domain name bitcoin.org back on 18th Aug 2008?

Does Japan have any archives or medical records of Satoshi Nakamoto? Japan is always known to be a advanced tech country so surely there must be some trace of Satoshi electronically or on paper trace if hes really old. Whats Japan authorities saying on this? Its near impossible to just vanish without trace in these times of technology where your traces are easily recorded somewhere unless Satoshi was a hacker and wiped himself clean from govt. databases leaving no trace fearing the current Zionist worldwide financial system will come after him or something.

Or satoshi was born outside Japan? if not and if he was in Japan when he created bitcoin then why didnt he registered bitcoin website as bitcoin.jp instead of bitcoin.org? Japan is know to have the latest tech 1st before the whole world has it. For example Japan is known to have HDTV back in the 70-80s before the whole world had it like 30 years later! Also theres tech/inventions thats never gets released worldwide and only available in Japan.

Japan has its own economic inflationary problem so is bitcoin was originally designed for Japan and its population only?

Does Gavin Andresen still control the code at the code repository located at GitHub? Does he still have the Network Alert Key?

Gavin Andresen became the lead developer at Bitcoinfoundation.org

Final question who funds bitcoin.org and bitcoinfoundation.org and who funds the development teams at bitcoin core? Updating bitcoin core with latest releases takes time and money so obviously somebody is funding it or are they all just happy crypto geeks who are volunteering at this so called non-profit organisation for the greater good for mankind financially?

What happens if governments took down the github repository, and the .org websites associated with bitcoin and put all those geeks in jail as well whoever is funding it? Will bitcoin still run?

The Bitcoins itself is Decentralized , but there are few things that always come in the way :

1. Governments demanding KYC every now and then , wallet softwares making it very easy to Track them.

2. The whales usually connect with each other and try to influence the price of Bitcoins

3. Fake whale alerts are being created by people having a lot of Bitcoins , they generally transfer them from one wallet to another and inturn it may cause people to panic buy and sell.

4. Bitcoins Futures and the stock market taking interest in Bitcoins is not a really good thing since they are unnecessarily creating a middle man that is not necessary.

5. Governments seized many mining farms and thus they might be just trying to dominate Bitcoins indirectly.

                               -°-

For the long term it's actually not a good thing for sure . As you have your doubts so have most of the companies, we don't really know how it will go about but we can sit back and do out part , educate people about Bitcoins and other cryptocurrencies.

What about hardware wallets?



Bitcoin is truly decentralized but companies take advantage of its decentralized idea to create a centralized form of exchange around it so they can profit from it. It's helpful for the most part, but the KYC parts are the part that makes the "decentralized" part of BTC seem non-existent. Also, if Japan had info regarding Satoshi Nakamoto, they'd probably have released it already in the past decade, and seeing they haven't we can assume they had no info about him. We can safely assume that Satoshi left no traces, at least ones that could lead back to his identity.

Quick search shows that Galvin Andresen has left programming and is now focusing on his company. His access to the Github source was stopped at 2016 after him stating that Satoshi was CSW. Not sure about more info though.

https://decrypt.co/29517/the-bitcoin-org-website-is-getting-a-new-owner

The link above states that Co-Owner of Bitcoin.org is Cobra, and well is planning to hand over to other people in the near future.

What happens if governments took down the github repository, and the .org websites associated with bitcoin and put all those geeks in jail as well whoever is funding it? Will bitcoin still run?
I doubt they could make this happen. This is probably possible if they set the name for Bitcoin as completely illegal in the entire world, stamping it's name with something similar to a criminal.

Craig Wright said in his interview with Patrick that bitcoin is not decentralised and it will never reach $100k. Im thinking why would this so claimed inventor of btc shit on his own invention? He saying btc meant to be used like cash at shops/websites but btc cannot scale to visa/matercard levels right?

Who are Cobra?





Whats this Original Bitcoin and this BTC? Are they different coins with different visions at the beginning or there was a hard fork or something?
There are no other bitcoin other than btc. There are others who claim to be 'real bitcoin' but all of them are bitcoin wannabes. 

Quote
Is bitcoin or BTC truly decentralised?
You can send bitcoin peer-to-peer around the world without fear of your transaction being withheld by some third party service or some authorities. The only issue sometimes is it gets stuck for hours if you happen to send using a low fee at a time when the Bitcoin network is congested but that's a small price to pay.   

Quote
Does Japan have any archives or medical records of Satoshi Nakamoto? Japan is always known to be a advanced tech country so surely there must be some trace of Satoshi electronically or on paper trace if hes really old. Whats Japan authorities saying on this? Its near impossible to just vanish without trace in these times of technology where your traces are easily recorded somewhere unless Satoshi was a hacker and wiped himself clean from govt. databases leaving no trace fearing the current Zionist worldwide financial system will come after him or something.

Or satoshi was born outside Japan? if not and if he was in Japan when he created bitcoin then why didnt he registered bitcoin website as bitcoin.jp instead of bitcoin.org? Japan is know to have the latest tech 1st before the whole world has it. For example Japan is known to have HDTV back in the 70-80s before the whole world had it like 30 years later! Also theres tech/inventions thats never gets released worldwide and only available in Japan.
You should probably save this for another discussion. This is all about Satoshi Nakamoto and not about Bitcoin and btc being decentralized.

Quote
Japan has its own economic inflationary problem so is bitcoin was originally designed for Japan and its population only?
No, it's not just Japan or any particular country. If you read the message in the Genesis block, it says "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.". The message was taken from a London news, The Times, and it's about the global financial crisis in 2008. Bitcoin was launched with a mission to revolutionize the global financial system with a decentralized payment system.

Quote
Final question who funds bitcoin.org and bitcoinfoundation.org
Both websites relies on donation but I bet you already know that and you are only interested on who the donors are . I don't think they wanted their names to be revealed and they probably appreciate it if you respect that. If you are too eager to know, trace all the wallet that sends to their bitcoin deposit addresses.   

Quote
and who funds the development teams at bitcoin core? Updating bitcoin core with latest releases takes time and money so obviously somebody is funding it or are they all just happy crypto geeks who are volunteering at this so called non-profit organisation for the greater good for mankind financially?
This one https://bitcoincore.org? Anyone can contribute even if it's not in terms of money.

"The Bitcoin Core project has a large open source developer community with many casual contributors to the codebase. There are many more who contribute research, peer review, testing, documentation, and translation."



Hmm from a london newspaper, either Satoshi was in the UK at the time or read the newspaper online from Japan or wherever.

Okay you saying its like a charity donation for the greater good of mankind and theres no big time wealthy hidden backers behind it funding it like for example Bill Gates that can influence its future aka not decentralised.

That guy Bill Gates is behind many charitable organisations that claim to be non-profit and for the greater good of mankind  Roll Eyes



bitcoin is more then one thing.
its a brand, a currency and a protocol

they say the brand is decentralised because owners of the website domains associated with bitcoin information are different to the owners of the main codebase github. although this is questionable as most are affiliated with a small group of like minded people. its an endless debate of the scale berwwen decentralised or centralised

they say the brand of the software that makes the rules is decentralised because its more then one developer. but again its all one like minded group of developers that always agree on pretty much anything a smaller cluster of higher up popular devs promote. where other devs who want other things get pushed out of the brand and the network

the currency is only available within the network. on the blockchain. but this blockchain is distributed and audited by many independant people all with their own unique reason to hoard/trade/transfer or mine value

the protocol is not some AI self growing code. nor is it made by a single dev. but the base of devs that do create new protocol rules has slimmed down to a small cluster of like minded souls. and users dont get much choice in diverse opinions over the rules. nor get much chance to get their proposals herd if it defy's the cluster of devs opinion. thus they dont even get to the community level of deciding if a feature should be enabled because the proposal is halted before it even gets to a code release

i know some people will say that the community decide if features get implemented by them upgrading the software or not that includes the feature. but history has shown one brand has dominated that decision

i personally use btc and its my only asset i touch. but im not deluded by the dreams of decentralisation. and not afraid to call out on its issues that should be addressed. because a more decentralised brand,currency,protocol would be more secure

I asume the brand is the Orange B Logo for BTC.

Yeah who designed that Orange B Logo with 2 strikes in the middle of it like a dollar? If the US dollar collapses then wouldn't that tarnish the Bitcoin Brand Logo?

If bitcoin changes its brand or Logo then that is not decentralised or is their like voting/polls for stuff like this? But then again voting for something is not decentralised cause voting means giving more power to a central party or figure?  Huh 



The appearance and disappearance of top mining pools as presented on Top-10 mining pools on bitcoin network over years (2009 - May 2020) somewhat are good evidence for the decentralization of bitcoin.

All time

For graphs and stastistics in specific years, please visit that thread.

We need that unknown percentage to go over 50% otherwise the remaining mining pools in China can be taken over by the Chinese government can take over the mining pools and launch a 51% attack against the btc network right?

So its like saying whoever controls the electricity/energy prices worldwide is really controlling the bitcoin miners. They can set a trap in a new country offering cheap electricity to lure all the btc miners there then its game over yeah?



Regarding Satoshi and associated Japan, it seems from reading this thread that Bitcoin is not created by 1 man but by a like-minded group consisting of just white males so it is more likely that the founder Satoshi was really a white guy using Satoshi as a nickname. Otherwise if Satoshi was really Japanese that lived in Japan then it sounds unfeasible that he be working with a bunch of white guys across the globe living in a different time zone where the sun sets last. Or Satoshi was really japanese living in UK or USA at the time that were their mentor or something.

The questions are if Satoshi Nakamoto was really a nickname for a white guy, then who is this white guy? Craig Wright?

In the computing/programming world hackers/coders/cyberpunks like to use cool alias nicknames like Neo or whatever, so why would someone, assuming a white guy use a nickname Satoshi Nakamoto out of all nicknames? To hide their Identity?

If Craig Wright is admitting to be Satoshi then why is he blowing away his identity to the world recently?

And why would one hide their Identity when Bitcoin is still legal in the democratic developed parts of the world?

It just doesnt make any sense  Huh



 





[moderator's note: consecutive posts merged]
darewaller
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July 29, 2020, 10:19:49 AM
 #27

Nothing is perfect. No matter how much people are going to make you believe that Bitcoin is perfect, there are still some flaws in it that you might not want to overlook like that. It’s all about just being careful and know what you are doing. I stopped bothering about all that.

At first my main concern was on privacy and whether the users of Bitcoin are completely anonymous as they used to say, but along the line I discovered that you are not truly anonymous when you’re making use of Bitcoin, you can still be traced. So, you can’t have everything, just do your thing and stop bothering about all these things. Bitcoin has lasted for more than a decade and it’s still going strong.
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July 29, 2020, 01:08:17 PM
 #28

Bitcoin is still decentralized even in our place that government has meddle. The government were just after the security of the consumer and by doing this they had given license on some exchanges to operate here in our country. Bitcoin is not widely use though because of fees being imposed by the government to exchange that would likely to consider as tax. Basically bitcoin or cryptocurrency has deafeated its purpose on getting away from tax from the government through decentralization. Yet, it is still the goos thing knowing that we may be able to purchase and see bitcoin as an investment form.
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