Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
Come-from-Beyond
on 15/01/2016, 21:30:38 UTC
If what you wrote were logical, then decentralization would always be the same as centralization.

Decentralization is where the decision making power is spread out to as many actors as possible. A few miners in China making the decisions for all the users of Bitcoin, is not decentralization. You are conceptually conflating the sham of representative democracy (or in this case taxation without representation because we don't even get the illusion of voting) with decentralization.

I recall those days when GHash.io was controlling 51% and people were saying that it's not decentralization, because miners will leave the pool should it abuse its power. Are you sure it's few miners making decisions, not few pool operators?