Quote from: johnsm79 on October 24, 2017, 09:12:21 PM

Quote from: Kinohimitsu on October 24, 2017, 09:00:25 PM

I thought all cryptocurrency was decentralized? In all the readings I have done, I have not come across this thing about a centralized team in Ethereum, so this is good learning for me in this forum. Until today I only read and do no participate, I only sent Bitcoins to an exchange about one month ago but never dared to buy anything. Still watching and learning, thank you for this information.

They wish.

Most people, even teams building an ICO, have not yet crasp the idea of what is decentralization.

A truly decentralized token, doesn't have any control by anyone or anybody, either person or organisation, country or community.

It runs autonomously.

But how would a project benefit if it was totally decentralised? It just can't.

But lets not mix decentralised with blockchain. A project can use the blockchain and at the same time be centralized. Most prefer to call it semi-centralised, although its just a marketing name.

Thank you for the kind time to explain this to me. But to my understanding, Bitcoin is being developed by a group of people, and also they are the same people who take care of the coding and maintenance, other than the other people around the world who are securing the network with nodes. How do we say that this is decentralized in the same spirit? As you say, it is with cooperation that projects can benefit.