Post
Topic
Board Mining (Altcoins)
Re: decentralization my a$$
by
B1tUnl0ck3r
on 03/05/2018, 21:42:51 UTC
i just saw the antminer Z9 . and i wonder now about the decentralization for cryptocurrencies. some smart people will come and reply "everyone ccan buy Z9 = decentralization ". but this is bullShit. it still 1 company one point of failure . Antbleed , Backdoors. etc . just imagine if shitmain have a hidden backdoor inside each one of those miners . shitmain will control your money .  

i used to vote and fight for cryptocurrencies as it has lots of advantages over banks big one of these advantages was decentralization  but not anymore .  if one company  or two control our money then this will be totally scam and shity future  . i have 100s of banks in my country i can chose anyone of them , now only 1 company can control my money LOOOL .

if cryptocurrencies will continue like this without true decentralization then cryptocurrencies  are shit and SCAM .

true decentralization MUST avoid ASIC ( at least until we have lots of ASIC makers in different countries  )





that's why the oldest POS privacy chain may win... PIVX Smiley then there is the issue that the chain works 100 % decentralized but the anonymization system zpiv is still centralized, ie it can be cut off and on by the devs, making it still a single unacceptable point of failure.

that's the spirit of bitcoin, now they are try to soften us with high valuation... everything not 100% trustless will be taken over by them. it's like in matrix against the machines... they are relentless. our opponents aren't humans... so...