Post
Topic
Board Economics
Re: Blockchain Not Just About Bitcoin
by
1Referee
on 30/04/2018, 19:48:47 UTC
They are definitely looking for a centralized blokchain. They don't want decentralization.

They like the decentralization aspect, but only to a certain extent. That extent is that there is only one single authority (they themselves) being able to modify block data, where malicious modification attemps by hackers and wrong intended individuals and whatnot won't stand a chance. The only thing is that we don't know how wrong intented the single authority is that can modify block data whenever it feels it needs to do so, which is why I never trust these initiatives. Centralized parties aren't trustworthy already, and that won't change when they shifted over to the blockchain completely. If it isn't completely decentralized and thus immutable, it aint good.