Post
Topic
Board Altcoin Discussion
Re: Is there a such thing as actual decentralization?
by
Speculator[zzzz]
on 09/07/2017, 22:10:03 UTC
Excuse my ignorance. But is there truly any way a currency can be completely decentralized? Sure, maybe not central to a governement, but some central entity will always lay claim to any currency. It's further unrealistic to believe each government won't regulate cryptocurrency at some point. I have the same question about dapps and a dectralized internet. Again, I apologize if I'm missing a fundamental factor when asking this question. However, I'm not too proud to ask and be educated.

Bitcoin is a decentralized currency, that means, no one is controlling them nor making them. It is mined and it can be mined by anyone. Satoshi Nakamoto created bitcoin, even if he did, he still mined the bitcoin in order to acquire them.

But I guess that's my point. There are still developers which will ultimately determine the direction of the currency - owners of the company, for the lack of a better comparison. So am I just misunderstanding what people mean by decentralized? Does decentralized simply mean no one entity is printing the money? And if that's the case, why is that so important?