Post
Topic
Board Altcoin Discussion
Re: Why Dash fails decentralization
by
generalizethis
on 21/04/2016, 03:57:32 UTC
Good evening everyone!

Why centralized organizations funding Bitcoin development is a train-wreck:

https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin

Dash will avoid these kind of issues with decentralized governance and funding. That's a big reason why Dash is poised to be the digital cash Satoshi envisioned, the Internet of Money.

All who value progress, optimism and decentralized technology are welcome to join us in Dash Nation.


LOL, as the first post illustrates, you can't build decentralized governance by starting with a 2 million coin mine in two days and then creating a paynode scheme that aggregates coins into the hands of the instaminers--any argument that states that the coins are redistributed expects you to trust that markets aren't being manipulated and the instaminers aren't lying about their holdings, which is Satoshi's nightmare and the reason Bitcoin was created in the first place--and while Bitcoin has its problems, you can look at its data and determine trustlessly whether it is centralized or not.

Quote
1. a centralized currency can and will be controlled by a set of people

So like 7 pool operators for instance?

The point is that you can see it for yourself and make your decision based on data rather than hype. Put another way: do you want the kinda-cute puppy that you can see, or the one in a lock-box that the salesman swears is "the best dog ever and has never bitten anyone"?