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Author Topic: Decentralization is a false proposition  (Read 229 times)
btc-1024mining (OP)
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May 06, 2024, 06:42:22 PM
 #1

Bitcoin halving followed by the market unrest and agitation, this is expected, the block halving 3.25BTC, miners reduce half of the income, need to give the market a self-healing cycle, the specific by the market to decide, BTC development has gained a large number of loyal fans, obviously I and my team are honored to be one of them, engaged in BTC work for more than 10 years, At the end of 2022, we set up our current team to devote ourselves to the BTC business. In the past year, my assistant and I visited many countries in Asia Pacific, South America and the Middle East, saw all kinds of things, and met many interesting friends. The most striking thing is that among the 5,000 questionnaires we sent out, about 80% of people knew nothing about btc. The data was collated, and after an intense brain blast, the marketing strategy was re-adjusted, which of course is not what this article expresses

In fact, I want to express that btc itself is a key, enter the super ledger key, more than 16,000 nodes in the world, today it seems that Mr. Nakamoto developed btc, he should be gold on the subject product, here is not much to state, I am a loyal fan of btc, has always felt that btc is one of the great inventions of modern civilization, but I now hesitate, I need to redefine the great feeling, the great word must be to benefit all mankind so that more and more people can get help, for example, Tesla invented alternating current to help all mankind, but many people in the world know nothing about bitcoin, completely do not change their lives, then decentralization is a false proposition. As a btc supporter or you are a btc opponent, your every action has witnessed btc on the road to greatness.
1024mining's global development strategy has also been adjusted, and a number of branches have been established around the world. It is expected that 200 "bitcoin Great Road" conferences will be held worldwide by the end of 2024, so as to popularize bitcoin knowledge correctly and positively, engage in the distribution of bitcoin peripheral products, and establish affiliated alliances. The real use of relevant technologies and tools to complete the dissemination and promotion of knowledge, a long way to go, and meet you in 2028.
peter0425
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May 06, 2024, 09:49:52 PM
 #2

The most striking thing is that among the 5,000 questionnaires we sent out, about 80% of people knew nothing about btc.
It is really no surprise. Even though bitcoin has grown tremendously the past few years, the general public is still ignorant to cryptocurrencies. Alongside misinformation, there are a lot of things to combat when it comes to spreading awareness about crypto.

It would be good if you shared your surveys with us and showed us the demographics. It would be such a great opportunity to pick on factors that affect someone’s exposure to bitcoin or crypto at large.









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May 07, 2024, 05:37:50 AM
 #3

Quote
but many people in the world know nothing about bitcoin, completely do not change their lives, then decentralization is a false proposition.

OP, your forum thread title seems misleading and "clickbaity". Please elaborate more on why do you think that decentralization is a false proposition. Just because many people don't know anything Bitcoin, that doesn't mean that decentralization is a false proposition.
BTC could be used by 1000 people and it could be used by tens of millions of people. Even if only 1000 people were actively using BTC, that would mean that they are happy with BTC and Bitcoin has utility for them. A certain concept is still valid, even if the majority of the people refuse to adopt it.

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May 07, 2024, 09:08:41 AM
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 #4

This write-up feels like a copied one from somewhere.

You just want to get this over with, this is what I am seeing here, one side is talking about how good Bitcoin has been and how helpful it has been for people while your title is saying that decentralization is a false proposition, still, there is nothing in your write up that explains why?

The decentralization part of Bitcoin is why I am here, if it is not working I won't be here.

This is one of the reasons why no other cryptocurrencies are fully decentralized, they claimed to be decentralized at first, but they are fooling the world, Bitcoin is the only thing that is practicing real decentralization, nothing else comes this close.

So you need to explain to me why Decentralisation is still a false proposition especially in this crypto space when we already have Bitcoin doing this with ease.  

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May 07, 2024, 10:31:05 AM
 #5

This write-up feels like a copied one from somewhere.


Yes, you're right, it's a copy. But the copy appears to be by the author himself.
OP, to keep your account safe, you need to add a link so that you are not banned from the forum.
Otherwise, you can imagine a situation where any newbie can register on the forum under your Steemit nickname. Providing a link to the source of the article where it was first published is required.

https://steemit.com/decentralization/@btc-1024mining/decentralization-is-a-false-proposition

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May 07, 2024, 10:31:35 AM
 #6

Quote
but many people in the world know nothing about bitcoin, completely do not change their lives, then decentralization is a false proposition.

OP, your forum thread title seems misleading and "clickbaity". Please elaborate more on why do you think that decentralization is a false proposition. Just because many people don't know anything Bitcoin, that doesn't mean that decentralization is a false proposition.
BTC could be used by 1000 people and it could be used by tens of millions of people. Even if only 1000 people were actively using BTC, that would mean that they are happy with BTC and Bitcoin has utility for them. A certain concept is still valid, even if the majority of the people refuse to adopt it.

I would also like to discuss this with the op, I don't understand how he can blame bitcoin if people can't change their lives. Bitcoin was created for everyone, but not everyone accepts bitcoin, and their failure to accept bitcoin is their fault, not bitcoin's fault. Also, it depends on how they use bitcoin, if they use bitcoin as an investment and lose, it is their ignorance and not bitcoin's fault. Or if they lose their private key and can't access their bitcoin, that's also their fault, not bitcoin's fault. It's funny that OP wants to blame bitcoin for his ignorance.

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May 07, 2024, 10:33:04 AM
 #7

This write-up feels like a copied one from somewhere.
Use ChatGPT or any AI to check it out, copy paste the text and then give the AI a prompt to check for similar articles or anything crypto related that might be talking about this specific topic, that AI might be able to scour the web for similar articles. There's also another thing, you can directly ask an AI of your choosing whether they've written this wall of text, they'll be able to remember if they did write those paragraphs.

Regarding your post OP, make it concise and worth reading so people that would check out your post wouldn't just make things out of assumption, no one here likes to read walls of texts.

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May 08, 2024, 08:07:21 PM
 #8

-snip-
The decentralization part of Bitcoin is why I am here, if it is not working I won't be here.

This is one of the reasons why no other cryptocurrencies are fully decentralized, they claimed to be decentralized at first, but they are fooling the world, Bitcoin is the only thing that is practicing real decentralization, nothing else comes this close.
You make the absolutely right point that if decentralization wasn't in Bitcoin, we wouldn't be here. And if it is seen, it is also a fact that Bitcoin provides the services of a decentralized ecosystem, which cannot be found in the alternative with the authenticity that Bitcoin provides. And because of this, Bitcoin occupies a prominent place. And you are also right that alts claim to be decentralized like Bitcoin but in fact they are not, they mislead people in the name of decentralization. 
 
Bitcoin is one of the best decentralized coins; no one can compete with it. Despite this reason people like Bitcoin more than other coins. With the blessing of Bitcoin, see how many people have joined this forum and benefited from the great benefits of Bitcoin.

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May 08, 2024, 11:20:07 PM
 #9

Bitcoin is one of the best decentralized coins
Bitcoin is not one of the best but is the best .

The reason I can think of for its authenticity and effectiveness is that it was created by satoshi not for profit but for genuine hope of utilization. Satoshi disappearing implied a lot of things and personally to me it meant that he was not interested with making money off of bitcoin and that is something a lot of projects can never seem to do.

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May 08, 2024, 11:50:20 PM
 #10

Bitcoin is not one of the best but is the best .

The reason I can think of for its authenticity and effectiveness is that it was created by satoshi not for profit but for genuine hope of utilization. Satoshi disappearing implied a lot of things and personally to me it meant that he was not interested with making money off of bitcoin and that is something a lot of projects can never seem to do.

I can agree that it's the best in decentralization, with all the altcoins out there that seeks to be the best in something, I think that there's not a lot of them that are on the spectrum of best in terms of being decentralized. I'm a bit skeptical on that personal implication for the disappearance, there's lots of things that can make someone go away, not just because they don't want to make money out of their creation but seeing how Satoshi is when it comes to the stuff that he's talking about, I'm a bit inclined to believe too that he's doing something, for me though I just felt like the reason for him/her/them leaving is they want to see if the experiment would be a success without some form of intervention coming from them.



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May 09, 2024, 12:10:29 AM
 #11

What exactly is your point? I can't get what you're trying to say here.

It seems you have misunderstood the meaning of decentralization. It doesn't mean that since most people in the world don't know about Bitcoin, it isn't anymore decentralized. Decentralization isn't measured by awareness. It isn't measured by popularity. It isn't even measured by adoption, or even acceptance.

Bitcoin is decentralized because of its features. It is designed to be so. In which case, even if there are only a handful of people who know about Bitcoin, it remains as it is, decentralized.
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May 09, 2024, 01:56:30 AM
 #12

Bitcoin, i.e. the blockchain architecture, i.e. decentralization was invented to solve one problem, which was to provide a means of value transfer for parties who could not safely use an ordinary bank.

Only a tiny, tiny fraction of people have this problem. The rest, who do not wish to oppose their own government (either out of honesty, loyalty, or out of fear of prosecution) don't have any need for a system that makes it impossible for a government to subpoena their transactions.

Hence almost all users of Bitcoin and other cryptocurrencies today use it in a way that is not decentralized, e.g. through an app or a broker.

Bitcoin today is, in actual practical reality, just a meme investment.

The digital currencies of the future will use centralized architectures that scale correctly to handle consumer demand. We will one day look back at the whole "p2p" and "decentralization" thing as yet another technology fad like so many before it.




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May 09, 2024, 06:37:03 AM
 #13

What exactly is your point? I can't get what you're trying to say here.

It seems you have misunderstood the meaning of decentralization. It doesn't mean that since most people in the world don't know about Bitcoin, it isn't anymore decentralized. Decentralization isn't measured by awareness. It isn't measured by popularity. It isn't even measured by adoption, or even acceptance.

Bitcoin is decentralized because of its features. It is designed to be so. In which case, even if there are only a handful of people who know about Bitcoin, it remains as it is, decentralized.
The point about decentralization. Decentralization in Bitcoin refers to its structural design, not its popularity or awareness. Bitcoin's decentralization is inherent in its features and architecture, ensuring that even if only a few people know it, its decentralized nature remains intact.
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May 09, 2024, 08:30:48 AM
 #14

Only a tiny, tiny fraction of people have this problem. The rest, who do not wish to oppose their own government (either out of honesty, loyalty, or out of fear of prosecution) don't have any need for a system that makes it impossible for a government to subpoena their transactions.

It's not really a "problem" though. Some people do choose themselves to not use banks. But this does not mean they already are anti government. Bitcoin is not anti government. Yes it contradicts the very essence of central banks but this does not mean that if you choose Bitcoin, you do not accept your government anymore.

By using Bitcoin, you are not being dishonest and disloyal and we should stop thinking such.


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May 09, 2024, 11:14:05 AM
 #15

As long as "enough" people are aware of the decentralization topic, and as long as everyone, privately, can have a node at home without anybody noticing, we can rest assured

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May 09, 2024, 01:54:41 PM
 #16

Only a tiny, tiny fraction of people have this problem. The rest, who do not wish to oppose their own government (either out of honesty, loyalty, or out of fear of prosecution) don't have any need for a system that makes it impossible for a government to subpoena their transactions.

It's not really a "problem" though. Some people do choose themselves to not use banks. But this does not mean they already are anti government. Bitcoin is not anti government. Yes it contradicts the very essence of central banks but this does not mean that if you choose Bitcoin, you do not accept your government anymore.

By using Bitcoin, you are not being dishonest and disloyal and we should stop thinking such.


You misunderstood. My point was that Bitcoin's purpose--the reason it was invented--was to allow people to trade value who couldn't use an ordinary bank or credit card because they would get in trouble from their government if they did so. I wouldn't call this "anti-government" any more than using a radar detector in your car is "anti-government".

My point was that only a small number of people want to evade their taxes, for instance. People pay their taxes mostly because they fear what happens if they don't, but some also feel loyalty to their country or they are just personally against that sort of thing).

And to be clear, I'm not saying that Bitcoin was designed to evade taxes per se, and I am absolutely not saying people today buy Bitcoin to evade their taxes (since almost all buy through a broker, that shows that they don't want to). This is actually my whole point: today, 95% of Bitcoin's users don't use it in a way that it was intended to be used, and don't make use of its core unique feature that blockchain provides. They are instead using a product that would better serve them if it were based on a centralized architecture because it would give them the same value (speculative investment instrument) but better, faster and cheaper.










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May 09, 2024, 08:05:45 PM
 #17

Funny how you're talking about solving problems and popularity and you feel Tesla has solved more problems than Bitcoin. How do you even assume Tesla is more popular than Bitcoin? Tesla is an innovation for only rich people while Bitcoin is an innovation for both poor, middle-class, rich, and wealthy folks. So how do you conclude that Tesla has solved more problems or is more popular than Bitcoin? More people in the world know nothing about Tesla.

And what do you mean by "decentralization is a false proposition"?
What's false about it? Nobody is forced to like or choose decentralization. If you don't like it and you don't want it, fine. The alternative is centralization, and if you aren't tired of someone controlling everything about you then that's also fine.

R


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May 10, 2024, 05:19:06 AM
 #18

What do you mean by decentralization is a false proposition bitcoin is the best currency to be decentralized. Everyone can use bitcoin freely as they are not controlled by anyone. Many prefer centralized rather than decentralized. We have to remove all these negative thoughts. The use of bitcoin is increasing. The central government of many countries is validating bitcoin there is nothing to distrust here.

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May 10, 2024, 05:27:42 AM
 #19

Bitcoin halving followed by the market unrest and agitation, this is expected, the block halving 3.25BTC, miners reduce half of the income, need to give the market a self-healing cycle, the specific by the market to decide, BTC development has gained a large number of loyal fans, obviously I and my team are honored to be one of them, engaged in BTC work for more than 10 years, At the end of 2022, we set up our current team to devote ourselves to the BTC business. In the past year, my assistant and I visited many countries in Asia Pacific, South America and the Middle East, saw all kinds of things, and met many interesting friends. The most striking thing is that among the 5,000 questionnaires we sent out, about 80% of people knew nothing about btc. The data was collated, and after an intense brain blast, the marketing strategy was re-adjusted, which of course is not what this article expresses

In fact, I want to express that btc itself is a key, enter the super ledger key, more than 16,000 nodes in the world, today it seems that Mr. Nakamoto developed btc, he should be gold on the subject product, here is not much to state, I am a loyal fan of btc, has always felt that btc is one of the great inventions of modern civilization, but I now hesitate, I need to redefine the great feeling, the great word must be to benefit all mankind so that more and more people can get help, for example, Tesla invented alternating current to help all mankind, but many people in the world know nothing about bitcoin, completely do not change their lives, then decentralization is a false proposition. As a btc supporter or you are a btc opponent, your every action has witnessed btc on the road to greatness.
1024mining's global development strategy has also been adjusted, and a number of branches have been established around the world. It is expected that 200 "bitcoin Great Road" conferences will be held worldwide by the end of 2024, so as to popularize bitcoin knowledge correctly and positively, engage in the distribution of bitcoin peripheral products, and establish affiliated alliances. The real use of relevant technologies and tools to complete the dissemination and promotion of knowledge, a long way to go, and meet you in 2028.
Yeah although BTC and crypto is one of the largest growing Industries in the previous years but still they are ignored by most of the public.

There could be numerous reasons behind that. First of all it requires some investment and you have to take a risk while investing that money. Secondly In illiterate sector people are not ready to invest online because they still fear that it could be a scam.Many thing like that contributes to the unawareness of crypto among people.

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