Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is no longer decentralized
by
hayek
on 17/09/2013, 14:01:19 UTC
crumbs - you prefer decentralization, since it is the Unique feature of bitcoin.
No, crumbs is anti-progress
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hayek - you dont mind if bitcoin is becoming centralized, since it is the natural way for all industrial development, where an industry becomes more specialized, effiecient and concentrated in the hands of a few corporations
No, this is not centralization it is progress. It's like saying that a library is centralizing knowledge. It's not. These people are not taking anything from you or me. They are creating wealth, not hoarding or destroying or limiting it.

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Both of you are right from your respective perspective.
No crumbs is terribly wrong.
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For me, bitcoin's "Unique Selling Point" was: Anonimity and Decentralization.
But now bitcoin feels less anonymous than my VISA-card, and is becoming as centralzied as the banking system (SWIFT).
So why should I bother using bitcoin instead of VISA when I don't get the original features of bitcoin?

Don't. Just go back to fiat. This is just FUD.